IPOs Are Smoking Fucking Hot

Let me preface everything that I say here with the fact that I am actively ignoring the melt up and will continue to do so–because I refuse to play in a rigged game. Granted, this leaves me out in the cold like Fred Flintstone, while the rest of you do blow with Dino and Wilma. Like any good Doctor, I endeavor to do no harm, using that as my credo as I navigate markets with a snarky disposition.

Having said that, the true barometer of any good bull market is the health of its IPO market. Last year, the IPO market was dreadful, littered with stupid shit like ETSY–regularly blowing people to smithereens, Fred Wilson style. But this year, its been good–real good.

Using the IPO screen in Exodus, the following stocks are crushing the market over the past month. Overall, the median return for IPOs, over the past 3mos, is upwards of 11%. That number is much higher for the anointed few.

TEAM +29%

SUPV +21%

TWLO  +38% over the past month (shout out to Option Addict on this one)

SQ +31%

RRR +18%

ACIA +239%

CCRC +56%

PEN +42%

Look for a slew of IPOs to come public in September, once the junior traders are slapped fucking stupid off the trading turrets, making room for the true bosses coming back from a summer of narcotic induced sauntering.

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