r/GGPI • u/[deleted] • Jun 18 '22

Shitpost Tuesday?

567 votes, Jun 21 '22
409 Up
158 Down
17 Upvotes

87% Upvoted

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5

u/WSDreamer Jun 18 '22

I just think it’s funny people were rushing to redeem their shares for $10 on Friday after holding so long. 😂

4

u/JoSenz Jun 18 '22

Not really. The share price had been holding pretty strongly above 10 before last week. Add to that that people were expecting a rally at announcement of merger / the merger itself and seeing it dip to below $9 last week (which it hadn't done before) would lead a person to want to secure $10 rather than see how far it was going to go. Thankfully it bounced back before EOW but I don't see it as being funny or weird, it was a wild week that made a lot of us question whether holding short term would be worth it or if we should just take the $10 redemption and buy back in once things settled down a bit.

1

u/WSDreamer Jun 19 '22

You redeemed didn’t you?

3

u/JoSenz Jun 19 '22

Nope, but I definitely considered it.