And it reported a loss of $9 million for the quarter, bringing its annual loss to $38.7 million for the year, up 167% from 2020. The Honest Company reported last night that revenues, at $80.4 million, edged up only 3% year-over-year in Q4, not even keeping up with CPI inflation. Over a year ago, on March 3, 2021, I asked, “ Was That the IPO Stocks Bubble that Just Popped?” And we now know the answer. In March through the 21st, there have been only two IPOs.

Over the past three months – December through February – the number of IPOs in the US plunged by 71% from a year earlier, to just 25 IPOs, according to Renaissance Capital. How is the Wall Street Hype & Hoopla machine supposed to sell these ridiculously overpriced shares when investors are actually paying attention? Well, they can’t. The fact that these stocks are now collapsing has caused these retail investors to sit up straight and pay attention, and suddenly the IPO market has essentially shut down. It was a systematic effort by Wall Street and its minions and the sundry insiders and pre-IPO investors to clean out hapless retail investors for as long as possible. This has now been time after time the same thing, including a couple of days ago with the three BBQ grill IPO stocks. We have now seen chart after chart like this: A big price when they start trading, and maybe a “pop,” that the financial media oohs and aahs about, and a few months later there isn’t much left. The 29% plunge this morning, to $4.32 at the moment, barely registers in the overall 82% collapse since the high on the first day last May (data via YCharts): Trading started on May 5th, 2021, and that day, the price “popped” 50% to its all-time higher of $23.88, which gave the company a valuation of $2.2 billion – for a diaper and shampoo company with $300 million in annual sales, decorated by big losses, a tiny, money-losing company in a field crowded by giants. So the stock in the sickening horror-chart below is The Honest Company since the IPO.

But this is pretty thick, even by Hype & Hoopla standards. But turns out, it cannot make money with it.Īnd this Hype & Hoopla product screwed over befuddled retail investors, who, blinded by greed and a belief in some new paradigm, eagerly ate up this hype and hoopla that they were fed, and they got what they had coming. Sales of diapers, beauty products, shampoos, face masks, and whatnot, OK, fine, if the company can make money with it. I don’t have any problems with the company or its products. So here we are with the miracle IPO of the day that collapsed in 10 months. But this here feels a lot worse because it’s just the beginning and the overall indices haven’t plunged yet, though they’re down some. The last time I’ve seen anything like this was during the dotcom bust. This misbegotten Wall Street Hype & Hoopla product has now taken down just about every investor that ever touched it.įor about a year now, I’ve been screaming about IPO stocks and SPAC stocks that had been hyped to the nth degree by the Wall Street Hype & Hoopla machine, and their shares were then sold to the public at huge valuations and, after a quick “pop,” promptly collapsed, one after the other. So now we’ve got another stock that went public less than a year ago and then collapsed unceremoniously by 82%, including today’s 29% plunge upon the news last night of a minuscule revenue increase, a hit to revenue guidance, and another big loss. We’re going to take a deep dive into Jim Fink’s service to find out.The end of a truly amazing era. Members can also access an exclusive members-only forum where they can swap trading ideas and network with other subscribers.Īt first glance, Velocity Trader offers an impressive collection of investing resources and research, but is it really worth the cost of admission? This options program uses Fink’s 310F trade strategy and his proprietary Velocity Profit Multiplier system to pinpoint high-potential stocks.Įach week, members receive a new issue of the Velocity Trader newsletter that features two new stock recommendations and Fink’s insights into the latest market moves.Ī subscription to Velocity Trader also includes tons of training materials, investing resources, and a wealth of other bonus resources. It was originally called Death Cross Trader. Velocity Trader is a premium options trading service that gives members two weekly trade ideas, alerts, a scanner, educational content, and much more. 12 Is Jim Fink’s Velocity Trader Worth It? What Is Jim Fink’s Velocity Trader ?

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