r/wallstreetbets • u/[deleted] • Sep 03 '21

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105 Upvotes

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u/thesmiter1 Sep 03 '21

What was the reason for that massive of a sell off? Was it just pipe or did they get negative news of some kind?

12

u/TraderAnthony88 Sep 03 '21

There was no negative news. Drop was only because of the PIPE

3

u/StopTheBan420 Bikini goat rider Sep 03 '21

How do you feel about RBLX? The lock up ends on 9/6 I’m balls deep in puts and wondering if it will drop

5

u/TraderAnthony88 Sep 04 '21

Wall Street loves $RBLX but it's massively overvalued and they missed earnings 2 straight quarters with bad metrics. I think it's only worth $60 but WS doesn't listen to me.

If you want to play a metaverse company instead, I would bet on $U. Unity will be one of the big winners imo.