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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

submitted 9 months ago by [email protected] to c/[email protected]

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] [email protected] 10 points 9 months ago (3 children)

Dont theu just want it to crash hard so they can then buy into it at a cheaper rate.

[–] [email protected] 5 points 9 months ago

You buy a put option and if it tanks, you sell the put and profit. Doesn't mean you actually end up with stock in the end. And why would you if you expect it to continue downward? Buying a long position is making the assumption that a stock is undervalued, and I guarantee you, if that stock goes down 90% it'll still be overvalued.

[–] [email protected] 2 points 9 months ago

Like how they did Robinhood stock right