Wall Street plans to dump 42 IPOs by year end (or until Skynet breaks)
Half of Wall Street wants the market to levitate ever-higher, so they can fatten their year-end bonus. The other half of Wall Street wants to dump as much junk into the market as possible, so they can fatten their year-end bonus. We already know that Etraders always lose in the long-term, but who will win in the next 6 weeks?
YTD IPOs priced: 245
IPOs recently filed, but not yet scheduled: 18 (excludes withdrawn IPOs)
As we'd expect, half of this year's IPOs will have insider lockup expirations in the next 6 months, so insiders will be free to dump their remaining shares
Cumulative Lock-up Expirations
Cumulative Lock-up Expirations
Deja Vu: The third IPO Pump and Dump this year
IPO ETF is back near all time highs w/Nasdaq in the background
Current status of the Nasdaq Skynet Illusion aka. mega divergence
Red line is % of stocks above 200 DMA
Red line is % of stocks above 200 DMA
I think we all see where I am going with this...
Alibaba's Pre-lockup expiration joy ride (on small share float)
The Post-lockup Expiration "Twitter Experience", or see any other IPO from the past two years:
Like a tornado in a trailer park, this will be "interesting" to watch from a safe distance