It's clearly a giant scam and tops my overvalued shit list, but I still have to follow a process consistent with good risk management. In the past I would have been scalping stocks like this one, but no more. Tape reading has become basically impossible to me since late 2021 so I didn't trade the stock at all today. In fact, I've been completely avoiding IPO's altogether. When stocks become too many sigmas away I leave them alone due to halting risk. Given that this is the ultimate meme and not your random flavor of the week pump I plan to be extra careful and it's possible I miss the trade altogether. I will pay attention to how the chart develops and when the lockup period ends. However, there's a lot at play and if he remains locked up for the next 6 months, he might not want to start selling until after the election as dumping it right before then could damage him politically.