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What to do with an IPO that doubles out of the box?
Posted on 6/26/21 at 1:13 pm
Posted on 6/26/21 at 1:13 pm
Sell half so when it tanks I preserve my initial investment?
Or hold what I bought like I know I should?
DOCS (Doximity)
Or hold what I bought like I know I should?
DOCS (Doximity)
5
Posted on 6/26/21 at 1:19 pm to kjacksonp
quote:
What to do with an IPO that doubles out of the box?
What is your objective, time horizon, etc.?
For fun, you may want to read the Peter Thiel PayPal Roth IRA article posted this week for chits & giggles.
Posted on 6/26/21 at 1:32 pm to kjacksonp
Sell. IPOs are already ridiculously overvalued when retail gets to buy them
Posted on 6/26/21 at 1:37 pm to kjacksonp
If it doubles I would sell at least half. I would sell all unless it’s a high conviction stock for you. Paper gains are meaningless unless you sell. The main rule is to not lose money as you have to make double any losses to recoup an investment. A 100% gain is huge, particularly in an over priced market.
Posted on 6/26/21 at 2:17 pm to kjacksonp
Taking profit is a feminine trait
Hold til you’re down 40% and sell like a real man
Hold til you’re down 40% and sell like a real man
Posted on 6/26/21 at 2:38 pm to el Gaucho
AI
SNOW
PLTR
Great IPO pump and dump shite stock examples. Get out
Check pattern of recent ICO -ICP might be greatest pump and dump scam in crypto history going on. From $700+ down below $30 within 2 months.
SNOW
PLTR
Great IPO pump and dump shite stock examples. Get out
Check pattern of recent ICO -ICP might be greatest pump and dump scam in crypto history going on. From $700+ down below $30 within 2 months.
This post was edited on 6/26/21 at 3:34 pm
Posted on 6/26/21 at 5:24 pm to el Gaucho
el Gaucho gets the prize for the best answer, if not the most wise. I'll probably sell 1/2 as one person suggested.
Posted on 6/27/21 at 8:14 am to kjacksonp
quote:
Sell half so when it tanks I preserve my initial investment?
If you like the stock but want to protect the gains buy some long range puts equal to your amount of shares at 20-30% under current price.
You can sell some OTM calls above current price as well to offset the put purchase.
Selling immediate after IPO significant gains gets taxed short term federally at approx. 40%. Try to use options to hold for at least a year to get tax burden to long term and be hedged to sleep well regardless of what market does.
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