It's starting!

Ann72
Level 10
New York, NY

It's starting!

My broker just called and asked me to guess the opening price.  I said $142 and he said "Wrong!  It's $140!"  Dude, doesn't close count in this???

 

Anyway, good news for everyone who got it at $68.  Will it hold its price?  Who knows?  But if you want to sell it back to Morgan Stanley today, you'd make a tidy profit, even after paying Uncle Sam 25% in capital gains.

3 Replies 3
Ann72
Level 10
New York, NY

Now $150, according to CNN...

Well, it's crashed into the $125 territory. Hopefully it will settle, but profit taking investors are temporarily tanking the market. Also, Airbnb was overvalued at $165.

@Christine615  Yes, to be expected!  I decided to hold my position and not pay the capital gains on selling even part of it.  I'm a long-term investor, not a trader, anyway.