The pops you see right after IPO are driven by the investment banks that underwrite an IPO. They support the stock price for a couple of months before they start selling and the price starts dropping.
I promise I’m not trying to throw cold water on anyone considering Airbnb…
Airbnb’s IPO Warning: Unhappy Neighbors Are Fighting Back https://www.wsj.com/articles/airbnbs-ipo-warning-unhappy-neighbors-are-fighting-back-11607533225
But this aspect really concerns me long term.
That’s exactly what my investment broker told me. So, fuck it. I’m in. And hopefully, he says, close to the opening price.
I don’t see it as a long term play. But I’m willing to give it a spin as long as Limit T-STOP at 10-15% is locked in.
Yeah…or get totally skunked. Jesus, what an opening.
I actually wanted to follow their IPO a bit but kind of forgot about it yesterday. “Seems bubbly”.
Airbnb now will have to justify their lofty validation long-term.
And doordash is going to wipe out a lot of ‘investors’.
Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.
For those of us not just ready to speculate in digital currency, I give you a digital currency trading platform.
MP got mentioned on Cramer the other day and popped another 15% yesterday.
My second to last SPAC IPO is coming alive.
LGVW with the full support of some rich white lady is spiking today. Go get 'em Robinhooders!
And just to dance a bit. MP, which was the FVAC SPAC has simply gone vertical.
I bought in in stages and I’m up
248% on the initial bite
193% on the second chomp
205% on the big old Blutto.
Dunno. I imagine they announced the acquisition target.
So WKHS has been a bit quiet. That may change:
CINCINNATI, Jan. 04, 2021 (GLOBE NEWSWIRE) – Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse ” or “the Company” ) , an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced that it has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises (“Pride”), a premier Canadian and U.S. based, privately held company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. The order is split between Workhorse’s C-1000 and C-650 models and is subject to various production and delivery conditions.
LGVW and NOVS are my remaining not yet eaten their prey SPACS.
NOVS up 11% yesterday, and stockholders will vote YES soon.
So, I set more T-Stops today.
Put NOVS at 5% and it must have dropped and then recovered. Ha. Lesson learned! But profits gained and taken.
New ones that caught my eye.
and anyone seeing NKLA claw its way back?