Today is just another shining example of why I just can't get behind the high flying IPO's that have come to market lately. Maybe we LOVE their products -- Maybe they have really great businesses... but the IPO's valued them so richly... that they are priced for perfection and beyond. We need to learn to separate the STOCK from the COMPANY some times.
GoPro (GPRO) doubled a guys money since the IPO. Stunning! I like to make about 10% a year on my money --- and am perfectly happy with 5% cash flow from it. So looking at 100% return in a matter of weeks is far better than good! AS LONG AS YOU BOUGHT IT SOMEWHERE LOWER -- as in FAR LOWER -- than where it went... And that's the issue for me. Sure - if you bought at IPO prices... you caught a double. But if you were buying on the way up - then you most likely do not have a double. Maybe you have 10 or 15% which is far more likely... and then you wake up one morning and BAM!! The stock is DOWN and down hard in one day...
Personally --- I can't stomach that... it churns my guts (used to when I invested in this kind of stuff). It's like walking on pins and needles... euphoria on the big up days --- and suicidal when it all gets washed away in minutes!
Amazon -- Down today BIG. GoPro down today BIG... Netflix down the other day HUGE...
I prefer to invest... and go play... get checks regularly in the mail... and have restful sleep.
Just saying. Not saying people shouldn't invest in this stuff.... if you're young - have great incomes - have money to spare... have your investments totally squared away. Then by all means you SHOULD BE investing in these things. Just make sure you meet the above criteria - or gamble at your own risk.
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