Did you get on the bandwagon and buy AirBnB stock last week? I put a bid in for $75 US as it was supposed to open at $68 but then the underwriters pulled the offer and reissued at $141 so I missed out. Frantic trading and it closed just up from $149 then fell the next day closing at just north of $139. In the end I think it was overvalued and the buyers that thought there would be a dramatic rise were all surprised. I'm just glad I didn't get caught up in the frenzy.
Air BnB stock
- Thread starter OneLuckyGuy
- Start date
When you have IPO's coming out of your wazoo you know you're nearing a near term top....hopefully not a crash like 20 yrs ago.
I am going to wait to the end of week for my entry. I have been watching doordash and I bet it will mirror that. I also have Tesla. So happy I got it before the split. I believe in ARK prediction. This stock is only going to keep rising.
Indeed. Aren't they worth more than GM and Ford combined? Making a tiny fraction of the vehicles that the others pump out. I know a couple who got in early on one of the weed stocks. At one point they held stock worth $1 million. Sell? Maybe even half? Nope and nope. Then, of course, it dropped like stone. I think it was Rothschild who said he got rich by always selling too soon.
I lived though the 90's tech boom and then the crash that followed. This, in my opinion, unfortunately is resembling that same sentiment. There are many company stock prices that are extremely overvalued in terms of P/E, stocks market cap to GDP, Irrational IPO exuberance etc.
For some time now, I have relocated my holding to more of the " conservative " side of the market. I do believe at some point markets will head south --- a much needed correction. How much? That's anyone's guess. If you look at various technical charts......the downside is quite ample. Just my opinion, of course.
For some time now, I have relocated my holding to more of the " conservative " side of the market. I do believe at some point markets will head south --- a much needed correction. How much? That's anyone's guess. If you look at various technical charts......the downside is quite ample. Just my opinion, of course.
^^Totally agree. Ya can’t buy low unless you got money on the sidelines ya can buy low with). (or in conservative or alt funds that you can re-allocate after they survive ‘the big one’). The alt funds (uncorrelated to major stock markets) have been a useful strategy for me this year.
