LOOK AT ME: I’M GONNA MAKE IT ALL BACK

Every single morning, Jim Cramer goes on the television to besmirch the IPO market. He toils and laments, then toils again, about valuation and how he wished none of these companies even existed. Since when did this man of circumstance care about the IPO market and their subsequent valuations? I smell fish. This man has been talking down stocks, and the market, for more than 3 weeks now, always brooding about one thing or another. He also likes to reflect on the unfortunate circumstances of “real companies”, like FEYE and WDAY, falling victim to sell offs due to these bastard IPOs. Really?

WDAY was overvalued the day it came public. The only reason why people buy it is for growth, the same reason why these IPOs are coming public today. They aren’t anymore overvalued than WDAY or YELP was when they IPOd.

Cramer has an agenda.

Moving on, I hereby declare that I am going to make all of the money that I lost back, and more. For the year, it appears I am down about 5%, a hard 15% sell off from the top.

Early on, futures are higher and the market look promising. Let’s see how long the gains will stick, before the margin clerks bleed out my stocks for another 4-5%.