Just a short email this Saturday. I hope you are having a great weekend and looking forward to the Holiday season. I just wanted to take this time to reiterate what I’ve been saying about the IPO market, just in case you missed my last 2...
Read MoreThis week’s headlines and trading action was dominated by the eye-popping performance of the high-profile Initial Public Offerings (IPOs) of DoorDash (DASH), AirBnB (ABNB), and C3 AI (AI) — all seeing shares double on the first day of trading. ...
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RoboStreet – December 10, 2020 Year-End Push Higher For Stocks Looks Good Following eleven straight up days for the Nasdaq and a massive IPO offering for DoorDash Inc. (DASH) capped the near-term move higher for the market and prompted some...
Read MoreAs I write this AirBnb is up to $148 for it’s open at $68. Today, the company is worth $100 billion? A few months ago the CEO of the company was out raising money at insane interest rates so they could stay afloat. Admittedly, they did a...
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Antitrust suits against Facebook pushed shares lower Behind a big tech selloff, markets traded lower throughout with the Dow and S&P modestly down while the Nasdaq dropped nearly 2%. Antitrust suits against Facebook pushed shares lower while...
Read MoreIt's like late 90’s dot.com days The number of companies going public and their subsequent price moves in the electric vehicle (EV) sector is nothing short of shocking. It’s truly the first time I can say that the comparisons to the late 90’s...
Read MoreDuring the early years of my trading career, I was an unrepentant bear. I was taught that true professionals learn the art and craft of shorting or being bearish as a path to outsized profits. This was based on the premise that “price takes the...
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