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by eudamoniac
9 days ago
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Wouldn't it make more sense to move it after the IPO? The supposed scam here is that Elon et al will dump their shares and crash the value, but that cannot happen for 90(?) days after IPO. So I think you should let your index buy the inflated IPO, then sell it before the crash, not sit it out entirely. |
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The insiders don't need it to go up from the IPO price. It can fall quite a bit, and they still win. Your ETF will likely be catching a falling knife. All the funds that track the Nasdaq 100 will prop up the price so it doesn't completely collapse.
This stock is a terrible deal for investors, whether as part of an ETF or as a buyer in the public offering. It's possible people will fall for it... they're still falling for TSLA despite everything.
Regardless, I want nothing to do with it.