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
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Yeah, I'm not that bullish on the dropbox IPO. Dropbox isn't really a long term company.
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How about Steem or SBD? These are only cryptocurrencies which I have :) Please tell me good things! Thanks for the update.
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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
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hidden gems = HIMX and KOPN for tech stocks and currently NTLA is down from a recent ATH check em out
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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.
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Nothing rigged there that's just algo and high frequency traders chasing their "own" high...hahahaha
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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".
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Well put. I'm shorting it!
https://steemit.com/money/@rixard/why-i-m-shorting-dropbox-dbx
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