Only new to this so appreciate your patience, apologies in advance if I am presenting an easily explainable/irrelevant opinion for discussion!
I love this company...well at least the idea. I think the concept is fantastic and socially beneficial. For a short time I had an account before I realised I was spinning my wheels and that was what led me to embark upon the journey of becoming an active investor.
When I had the opportunity to buy in to the IPO I was -this- close but got scared away, largely for the same reasons I have seen others express, which is comforting.
I have since kept a close eye on Raiz and this morning was incredibly close to buying in.
When I looked at the Market Depth it just doesnt seem to make sense... lots of buyers, not many sellers, but the actual volumes seem to match closely. There is also a large gap between the sell and buy prices. A lot of suspicious looking round figures. It has made me feel uneasy.
Having said this, the SP continues to climb, with minimal notable announcements and not much volume actually exchanging hands.
Am I overthinking it? Is the koolaid safe to drink? Appreciate your thoughts.
JT
RZI Price at posting:
89.5¢ Sentiment: None Disclosure: Not Held
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