Rigged Much? Stocks Puke The Moment Dropbox IPO Opens
Content adapted from this Zerohedge.com article : Source
A crazed IPO market often signals a market top.
Are we experiencing that now?
Yesterday, the IPO of Dropbox hit the market. The IPO was for $21 with the price opening at $29. This meant billions were left on the table, at least initially.
Things quickly reversed course.
Is this a sign of a market top?
Non-adapated content found at zerohedge.com: Source
Thanks for the information
Yeah, I'm not that bullish on the dropbox IPO. Dropbox isn't really a long term company.
How about Steem or SBD? These are only cryptocurrencies which I have :) Please tell me good things! Thanks for the update.
Overall Stock Market doesn't look healthy at all with ATH ! I'll be looking for hidden gems after a correction and for the meantime; I'm eyeing Gold/Silver & Cryptocurrencies
hidden gems = HIMX and KOPN for tech stocks and currently NTLA is down from a recent ATH check em out
All we have to do is just to take a look at this chart. The stock market is not done yet, unfortunately I think the same about crypto as well. For the past year I have been accumulating physical gold and silver. This market is completely fake and it’s colapsing under its own weight.
Nothing rigged there that's just algo and high frequency traders chasing their "own" high...hahahaha
Dropbox showed the potential in the first day in Wall Street, a lot of speculation behind what´s new, has always, so I think it will lose some value after this hype pass.
Stocks had a rough week, at least that´s what it seemed to me everyday, probably because of the push upwards, after the now known as "black monday".
Well put. I'm shorting it!
https://steemit.com/money/@rixard/why-i-m-shorting-dropbox-dbx