Anyone remember what $NET’s IPO “pop” was? I like @matt_levine calling it “perfect” — to the penny. You have a lot more control of what happens when you price an IPO than it may seem. If @elonmusk turns out to have called it even close to perfect two weeks in advance… 🤯
For people out there citing Bank of America quotes now about selling.
Just remember:
They said $EWY/ KOSPI (SK Hynix/Samsung) was an extreme bubble back in March.
And blamed retail for the cause, then implied they should sell Korean memory equities: comparing it to the 2008 financial crisis, .com bubble, and Silver crash.
Then shortly after retail sold their longs, memory rallied to all time highs.
Institutions are not your friends.
Usually when an unusual flood of negative news, they need liquidity.