Hey everyone,
Barrie Einarson here. I just had to jump on and talk about one of the wildest movers of the day—NMAX, aka Newsmax, which dropped its mini-IPO this morning. To Subscribe: https://go.trade-ideas.com/SHQ
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Now, these kinds of IPOs can be hit or miss, but this one? It was pure chaos in the best way. It priced at $10, opened around $14, and just launched from there. As I was recording the video, it had already halted a few times and was pushing over $60.

You don’t see that every day.

What made this trade great wasn’t just the move—it was the entertainment factor, the opportunity, and the surprise of actually having shorts available. That’s rare on IPO day. Interactive Brokers came through, which isn’t always the case on these kinds of plays.

Of course, trying to time the top was next to impossible. It looked toppy at $30, then again at $40, and yet again at $60+. You’d need nerves of steel (or a lucky touch) to short that kind of move without confirmation.

🔹 Lesson here: Sometimes the best trade is the one you sit back and observe. There’s a lot to learn from how traders chase these IPO pops—and how quickly momentum can flip.

That’s it for now. Just wanted to share the moment—it was definitely the highlight of the session.

Catch you in the next one,
– Barrie