A staggering 47% of 2014 IPOs are already trading lower than their first day close (i.e. the price Etraders pay). With the market at an all time high...
And that figure doesn't include the pump and dump losses as visualized with Loco, i.e. those who bought on day one (@$24) were the lucky ones:
The Skynet Illusion Visualized
Nasdaq with % of stocks above 200 day moving average
Another fat bonus for Goldman Skynet
