To all those with the IPO Blues...
Chill out. Right now is no fun for anybody holding the disappointments, but this thing needs to be viewed with a bit of perspective. The internet IPO game had to correct to some sort of quasi-normal status at some point, and it just so happens that the time is now while the broader market is doing the same thing.
I'll get rid of some of the ones I'm holding once the 60 days is up, but there's no way I'm gonna lock myself out of future IPO bargains. Consider this: AMZN is really in bad, bad shape today. Right? Well, I guess it depends on how you look at it. Those who got it in its IPO a couple of years ago bought at $3.50 if I'm reading the historical data correctly. It bounced around there, including periods under the offering price, for MONTHS. I'm sure lots of folks got disgusted and sold their 100 shares. Those who didn't, however, now hold 600 shares for a net value today of around $60,000. Not a bad return on a $3500 investment over 2 years, IMHO. Those who cashed out around a month ago did so at upwards of $125,000. Even better, wouldn't you say?
All of 'em won't perform as above, of course, but some of 'em will. I personally think that ETYS and BNBN both have the potential for similar performance over the next couple of years. And I think there are others coming down the pike that will hold the same potential. And to ensure a chance at some of those, I'll keep suffering through my $300 NETO loss, etc.
P-E-R-S-P-E-C-T-I-V-E. |
