12-07-2021, 08:59 PM
I don't think I have purchased a single share of anything for about 5 days. That may be a 2021 record for me. 
For those who haven't seen it, this is an eye opener. 50 tech IPOs or SPACS in 2021. Only one of 50 isn't currently in a bear market (20%) correction at the moment. Many are down 50%+. Those are ugly stats. This is why we don't chase foolishness. This is off their highs and doesn't necessarily mean you are down if you got in near the initial offering price, but that is generally difficult. I am going to guess the odds you bought a bunch of them and came anywhere near sniffing SPY 2021 performance is damned slim today.
https://www.cnbc.com/2021/12/07/tech-ipo...itory.html
For those who haven't seen it, this is an eye opener. 50 tech IPOs or SPACS in 2021. Only one of 50 isn't currently in a bear market (20%) correction at the moment. Many are down 50%+. Those are ugly stats. This is why we don't chase foolishness. This is off their highs and doesn't necessarily mean you are down if you got in near the initial offering price, but that is generally difficult. I am going to guess the odds you bought a bunch of them and came anywhere near sniffing SPY 2021 performance is damned slim today.
https://www.cnbc.com/2021/12/07/tech-ipo...itory.html