IPO Mania…

IPO Mania…

Posted On December 10, 2020 2:52 pm

As I write this AirBnb is up to $148 for it’s open at $68.  Today, the company is worth $100 billion?

A few months ago the CEO of the company was out raising money at insane interest rates so they could stay afloat.  

Admittedly, they did a great job pivoting in order to take advantage of the mass exodus from cities earlier this year…

But the valuation is just too high for my taste.

Same with companies like Snowflake and Doordash.  

Some of these companies are being valued at 100-150 times sales.  Not EBITA or profits….

150 times sales!

Doordash’s current valuation is higher than 3 of the major food chains combined.  How is that possible when they make less per meal than the restaurant?

This all seems very reminiscent of the Dot Com bubble and the ensuing burst to me.  

Maybe I’m just an old fuddy-duddy, but I like to stick to trades that have less speculation and more reliable wealth-building opportunity.  

Like the iron condor, we just closed today in Options360.  Subscribers had the chance to grab a 35% return in just 8 days

No that’s not 135% in a few hours in Airbnb, but we can replicate that kind of return over and over…

And it doesn’t matter if the market keeps going up for years, or if we have another bubble burst. 

Limited and defined downside and carefully chosen trades. 

That’s how we have beat the S&P 500 every year since we launched…

And it’s why our subscribers stay with us year in and year out

To Your Success,


PS. Grab your $19 trial to Options360 right now!  It’ll be the best money you ever spent.


About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.