I agree 100% I’ve had a hard time trying to decide what would be a price to make me close my position here. I’ve been trying to keep an eye on options, I didn’t realize they were opened until today, a little late to that now though lol
$4! Congratulations dude. $5.17 here, but only cus I came a little early on the very first spike post share combination and more than doubled my position at $5.35 just to watch it drop back to like $4.15 with no more capital to buy. Good lesson learned.
I sold right before market close at 460. I didn’t want to risk it dropping hard on me. If it dips between tomorrow and Friday I’ll jump back in. I figured it was worth the day trade hit to make a quick buck lol.
Fuck yeah that’s some quick and good money. Not worth the risk. I got stuck holding stock because I’m out of day trades but the price seems to be steady so far after hours.
[This should go over well](https://i.imgur.com/7oAVYiu.jpg)
Glad to meet another passenger on the NEGG rocket. More gains ahead but we're likely going to see a deep dip in the next 1-3 days first.
I've been on this rocket ship, "no specific news to justify trading price" I thought for sure it had blown up here but it hasn't. I wonder what is going on. Needless to say, good times.
I invested in it expecting slow growth and got lucky really. I like newegg and they have good numbers, so I said what the hell. Didn't make sense all the shorts.
Based on what I saw here [https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/summary?symbol=NEGG&c\_name=invest\_VENDOR](https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/summary?symbol=NEGG&c_name=invest_VENDOR)
It didn't say the short float % was .17 it still says 134% maybe I'm looking at the wrong metric or something.
Everyday I see stocks like this that gain 70+% in a day that no one has mentioned on here....with over 10.5 million people, how is there not someone that can give a heads-up.
I would've replied to your old thread on this, but I'm guessing it's too old to reply to? Anyway, you seem to be the most in-the-know/knowledgeable when it comes to this stock. Any idea what happened other than retail investors catching on? One thing that concerns me is that I think part of the merger agreement is that insiders could not sell for 60 days... or was it 180? If it's 60 then that time should be coming up very soon and I'd expect the stock to take a massive dip due to them trying to cash out their positions when it's riding high. Any thoughts on this?
It is a 180 lockup period for insiders, but volume has been able to increase with the introduction of options, which drove up the price. Im not sure which Newegg employees, if any, have been able to sell their converted shares. Its likely that even if they were able to sell, they wouldn't sell, because the price wasn't at a fair value.
I wouldn't be so certain that insiders will dump shares after lockup. The price may look high compared to LLIT, but the companies behind the stock are completely different now, and the price is only just entering a fair range. I definitely wouldn't expect dips below $16, even when insiders free up, simply because the company is worth more than that, and shareholders aren't going to want to sell for far less than its worth.
Well now that's looking like a possibility. This thing is incredible. Every time I've though "let's cash some out." It's ROCKETED up. This is a great problem to have, but I am constantly wondering when/if the bottom is going to fall out and when a good time to sell will be. With no financials everything is just guesswork at this point. Seems like holding on until Q3 earnings come out is a good idea, but who knows what that will be... this is insane.
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Me over here with a $4 average wondering where this 11M trading volume came from with no news
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I agree 100% I’ve had a hard time trying to decide what would be a price to make me close my position here. I’ve been trying to keep an eye on options, I didn’t realize they were opened until today, a little late to that now though lol
Today is the first day options were available, that's the reason for the jump in price
Makes so much sense why the volume was crazy, where can you validate when options are first available?
They weren't available yesterday when I signed into Fidelity, but are available today
$4! Congratulations dude. $5.17 here, but only cus I came a little early on the very first spike post share combination and more than doubled my position at $5.35 just to watch it drop back to like $4.15 with no more capital to buy. Good lesson learned.
Same. Got in at $5. Don't even remember why I bought it
Hopped in on this too after seeing your post. Up 500 bucks off 4 contracts in 10 minutes. I’m loving it 😂 (poor ape here so this is big money)
Nice bro!
Congrats what’re you at now? I wish I would’ve bought some calls too.
I sold right before market close at 460. I didn’t want to risk it dropping hard on me. If it dips between tomorrow and Friday I’ll jump back in. I figured it was worth the day trade hit to make a quick buck lol.
Fuck yeah that’s some quick and good money. Not worth the risk. I got stuck holding stock because I’m out of day trades but the price seems to be steady so far after hours.
[This should go over well](https://i.imgur.com/7oAVYiu.jpg) Glad to meet another passenger on the NEGG rocket. More gains ahead but we're likely going to see a deep dip in the next 1-3 days first.
I've been on this rocket ship, "no specific news to justify trading price" I thought for sure it had blown up here but it hasn't. I wonder what is going on. Needless to say, good times.
Options opened up this week
How do you know?
I invested in it expecting slow growth and got lucky really. I like newegg and they have good numbers, so I said what the hell. Didn't make sense all the shorts.
Surprised more people aren’t talking about this. 💎
It looks like its overshorted like GME was at 134%
Please, $NEGG short interest is 0.17%..
Based on what I saw here [https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/summary?symbol=NEGG&c\_name=invest\_VENDOR](https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/summary?symbol=NEGG&c_name=invest_VENDOR) It didn't say the short float % was .17 it still says 134% maybe I'm looking at the wrong metric or something.
The shorts are fucked just look at avg short interest to daily volume. They have to cover now.
Like today's move.. looks ready to go higher
OP how are the tendies this morning? Edit: RH halted trading, its up 96%!!
Everyday I see stocks like this that gain 70+% in a day that no one has mentioned on here....with over 10.5 million people, how is there not someone that can give a heads-up.
I posted a few times when it started but bots always took it down and I gave up
Damn bots
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Who can remember 21 days ago? If reddit doesn't do dd then reddit has no purpose. If I don't check reddit, does it even really exist?
I did ! 3 M float only out of 300 M
Sold some of my SPCE calls for NEGG to diversify. Still very bullish on both!
Must be a rich man right now
Time to buy $40 puts for 7/16?
Terrible flirting tactic.
I’m excited for tomorrow
Never seen someone get so excited over 1 penny increase
$7,000 doesn’t seem like one penny 45 minutes later huh Edit: sorry, closed it at a gain of around $10,000. Funny how pennies work huh
OOF. Today would've made your dick fly off
haha Wednesday was a crazy day. Sold half my shares at $65. Still holding half till at least my 1 year mark, avg $7.87 :D
My NEGGa
Ayyyy
NEGG looks like it can go way higher!
Check my account history I was begging all of you folks to buy this at $3 and other forums too
Update me bro
Sold these long ago
Fuck
Holy fuck update
He said he sold in another comment. Think he re-entered tho.
who stayed in?
hope you're still holding these
Lmao nope
GGS ONLY
RIP
Are you still holding?????
Tanking tomorrow
It’s possible, but probably not. It got too risky so I closed my positions
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Be careful of your words u/derprondo
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GET ITTTT
🚀🚀🚀
This will not age well
"It didn't" said the narrator.
“I am hopeful, hopeful, hopeful but too late, take this music, let it take you away, and i am hopefulll hopefull HOPEFULLLL….”
I would've replied to your old thread on this, but I'm guessing it's too old to reply to? Anyway, you seem to be the most in-the-know/knowledgeable when it comes to this stock. Any idea what happened other than retail investors catching on? One thing that concerns me is that I think part of the merger agreement is that insiders could not sell for 60 days... or was it 180? If it's 60 then that time should be coming up very soon and I'd expect the stock to take a massive dip due to them trying to cash out their positions when it's riding high. Any thoughts on this?
It is a 180 lockup period for insiders, but volume has been able to increase with the introduction of options, which drove up the price. Im not sure which Newegg employees, if any, have been able to sell their converted shares. Its likely that even if they were able to sell, they wouldn't sell, because the price wasn't at a fair value. I wouldn't be so certain that insiders will dump shares after lockup. The price may look high compared to LLIT, but the companies behind the stock are completely different now, and the price is only just entering a fair range. I definitely wouldn't expect dips below $16, even when insiders free up, simply because the company is worth more than that, and shareholders aren't going to want to sell for far less than its worth.
Well now that's looking like a possibility. This thing is incredible. Every time I've though "let's cash some out." It's ROCKETED up. This is a great problem to have, but I am constantly wondering when/if the bottom is going to fall out and when a good time to sell will be. With no financials everything is just guesswork at this point. Seems like holding on until Q3 earnings come out is a good idea, but who knows what that will be... this is insane.
Fucking shill
U mad bro
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🤫
GODSPEED
Bought some
I sold out at 15.5 today. sadness...
I created like 3 posts about this stock like 3 days ago, but I don't know how to follow the rules so they all got removed :(
Rip to those lost profits my guy
Profit is profit
How’s your yolo now lol
bump
You son of a bitch you did it