Gut seems to always be the money maker. I'm confident in my position which is why I'm not super worried about a few red days (I'm still net green on postion) but damn watching the account go from...
I shoulda trimmed on Monday. I could have sold my warrants in the high 6s and rebought at my exact same buy in at this point. Ah well could be worse I guess
Advantage is your cost basis can be below NAV if you buy early enough, downside is volume usually sucks until the units split into commons and warrants (52 days after IPO).
Direct listings still get bid up before they hit the open market, PLTR was supposed to list at $7 and they hit the open market at $10. Its also not a guarantee they list right at market open, IIRC...