this post was submitted on 11 Mar 2024
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It's all kinds of bots; Russian, Chinese, Liberal, Conservative, but most of all its Reddits own bots meant to inflate traffic stats ahead of the IPO.
So what you're saying is we should short the stock to make it big
Could even open a lawsuit and force reddit to investigate how much of their traffic is bots, immediately after the IPO
This is not financial advice… typically these things balloon fast, and maybe stay up a week or two before anyone buying is done buying and the price collapses to the point informed investors want in. You can also have people doing price support early (“a squid on the bid”) to avoid a depressing price collapse in the opening phase, but that’s something you have to feel from experience.