@therealseanbain@moninvestor@cvpayne No, $ARM is the best parallel I could find with SoftBank retaining 90% control and the overhang that had on potential mass sales post lockup. Very few buying opportunities below the IPO price.
@DollarCostAvg The rotation and liquidation is over. Now there is nothing but excess cash ready to be flooded back into the market when allocations are under requests. Friday will be a great EOW rally.
Here is the $ARM IPO chart. There was a lot of chatter at the time that the IPO was SoftBank looking for exit liquidity. Not unlike $SPCX today. Not many days spent below the IPO price ever. Long-term hold have done wonderfully. Trading at $330 today.
@Hatxmi So much cash parked on the sidelines right now waiting for allocation on Thursday. The market will be flush with oversubscribed cash when allocations are released and rally through Friday.
@plutos_eth Don’t trust hallucinations: Google IPO dropped at $85 in 2004 and rose to $100 that same day. One year later it was $290. There was no 12 year waiting.