scottywh@lemmy.world to News@lemmy.world · 9 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square170fedilinkarrow-up1638arrow-down13
arrow-up1635arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to News@lemmy.world · 9 months agomessage-square170fedilink
minus-squareJordan117@lemmy.worldlinkfedilinkEnglisharrow-up3·9 months agoThere are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn’t recover for over a year.
minus-squareBoozilla@lemmy.worldlinkfedilinkEnglisharrow-up2·9 months agoMy instinct was that there would be irrational exuberance for the stupid stock. And ignored it. The market is often pure speculation and gambling until the sobriety kicks in. Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.
There are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn’t recover for over a year.
My instinct was that there would be irrational exuberance for the stupid stock. And ignored it.
The market is often pure speculation and gambling until the sobriety kicks in.
Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.