Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
Oh look, the completely expected and basically dependable event that happens after EVERY IPO, happened. Anyone jumping on an initial IPO is a fucking idiot. They always go under.
They might eventually still make it back to be profitable if they wait months or even years… or they could have waited a few weeks and bought the inevitable dip and never been underwater in the first place, making more profit.
The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.
Oh look, the completely expected and basically dependable event that happens after EVERY IPO, happened. Anyone jumping on an initial IPO is a fucking idiot. They always go under.
They might eventually still make it back to be profitable if they wait months or even years… or they could have waited a few weeks and bought the inevitable dip and never been underwater in the first place, making more profit.
The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.
Bet you wish you held it now though. Up about 7x since it first opened.
Man, I was having a good day, too…
Notably ARM was not mainstream when it IPOd either, meaning it was a safe® bet at the time.
Most IPOs have become sensationalized to drive up interest, which is terrible for everyone except a select few.
I’m not sure what you mean. It already had complete dominance of the smartphone market, which was, at the time, still growing.
Yes, sometimes gambling pays out.