Remember all the hype behind Ferrari's IPO?

"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout) 01/15/2016 at 11:33 • Filed to: IPO

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It hasn’t touched or even come close to $50 since early December

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 11:37

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Wait for them to win or at least podium in Australia next spring, bet it jumps at least 3 points.

HammerheadFistpunch > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 11:44

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IPO - Inflated Price at Opening.

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 11:50

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What did they open at for reference?

Supreme Chancellor and Glorious Leader SaveTheIntegras > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) 01/15/2016 at 11:55

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$60

Montalvo > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 12:03

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I just laughed at the people buying the IPO from the get go. Their stock depreciates just like their cars.

StingrayJake > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 12:06

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I seem to recall most smart people saying that it was a horrible long-term investment. The best strategy was to jump in at opening, watch it balloon for in the first hour, then get out as fast as possible.

Sneaky Pete > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 12:09

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Not to defend Ferrari stock as I think it was overpriced, but the entire stock market has been in the toilet lately.

Supreme Chancellor and Glorious Leader SaveTheIntegras > Sneaky Pete 01/15/2016 at 12:29

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this is true

BaconSandwich is tasty. > HammerheadFistpunch 01/15/2016 at 12:37

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As far as I’m concerned, IPOs are basically a way for angel investors to make their money back from people who have more trust in their investments than they do.

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 12:45

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Lolz. That’s a big hit percentage wise. Though actually far lower initially then I would have guessed. From all the hype, I thought it was going to open at super-insane prices like several thousand dollars a share.

Guess Ferrari aren’t all that they think they are. Ha Ha.

Bullitt Ride > Supreme Chancellor and Glorious Leader SaveTheIntegras 01/15/2016 at 13:35

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The S&P 500 is down like 12% from it’s high last year.... that typically means the majority of stocks are down more than 12% over the same period.