This could be helpful to anyone considering $CART (NP):
Page 24 & 25 describes the Pump and Dump Lifecycle Pattern for IPOs, and the common Advance Failure #IPO_AF
https://void.cat/d/HmmhMhCwuKdBTFk6JjxLZw.webp
Maplebear Inc. "Instacart" $CART (NP) IPO'd 10 days ago at $30. Currently still holding above $29. Sep 19th Market Cap of $7.9B was 80% below its peak private market valuation in March 2021 at $39.0B
For more information about trading IPOs, you can check out this excellent book here:
https://www.amazon.com/Lifecycle-Trade-Trading-Growth-Stocks/dp/1733506608
#IPOnews #thelifecycletrade
Disclosures:
1️⃣ POSTS ≠ ADVICE;
2️⃣ I have No Position (NP) on $CART and I do NOT plan to buy or sell short them in the near future;
3️⃣ StockTwits is my journal. I post my trades, comments, opinions here mostly for my own accountability, continuous improvement, and transparency;
4️⃣ Trollers, liars and # Negatoilets will be promptly blocked;