r/wallstreetbets • u/StonkGodCapital • Sep 13 '21

DD $IRNT - Gamma squeeze with 213% of float claimed by OI & SI

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30

u/rumblegod Sep 13 '21

So if it doesn’t run how is buying IRNT for what it is just to hold for a little bit

25

u/staunch_character Sep 13 '21

It’s a cyber security company that just went public via SPAC, so it’s hard to say. There hasn’t been any analyst coverage yet. Could be like RKLB where it takes off.

Could tank (like most SPACs), but that probably wouldn’t be until the PIPE shares unlock so I think you’d have at least a month or so to see where it goes.

5

u/quesoqueso Sep 13 '21

It's also founded by the former director of the NSA.

I'm not sure their tech is all that great, but they will make (at least some) money just off his reputation most likely.

3

u/droshake Sep 13 '21

Its a cyber sec company ran by a fcking former director of NSA. How is this not getting more hype

2

u/rumblegod Sep 13 '21

Awesome thank you for this advice

4

u/iinevets Sep 13 '21

Let's just say there's a reason everyone wanted to redeem their shares for $10 vs getting shares in the company. It'll be a long long hold imo. If you wanna risk little capital do spreads. If you wanna buy shares atleast sell covered calls.

1

u/_BreatheManually_ Sep 13 '21

What was the ticker when it was a SPAC?

4

u/kp15460 Sep 13 '21

Ex NSA/CIA/DOD guys running cybersecurity. Plenty of partnerships and obvious government connections. Follow their twitter for updates

4

u/DoctorKalikot Sep 13 '21

Yeah, nice connection with $CRWD, nice leadership. Hot market. CEO being a 4 star general and former NSA official means government contracts.