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by exabrial 23 days ago
>The plan is to rapidly drive these prices up in the first 15 days, get the companies listed in the NASDAQ so funds are forced to purchase them at higher prices, then leave retirement accounts holding the bag.

Dumb question: why couldn't retirement accounts simply not purchase these?
2 comments
QuotedForTruth 23 days ago
These funds don’t invest actively (picking individual stocks). Instead they invest in indexes that track larger portions of the market. So they’ll automatically buy once the company is listed on the NASDAQ.
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Avicebron 23 days ago
Why do I imagine that no one whose retirement account is about to get smoked is in place to make decisions about whether or not this is a good investment
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delecti 23 days ago
The point of that kind of account is that most people aren't in a place to make decisions about what is or isn't a good investment.
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moregrist 23 days ago
Seems like there should be a market for a no-Elon/OpenAI/Anthropic ETF out there.

Or one that just imposes a reasonable waiting period on adding newly-IPO’d listings.

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