It has been a hell of a week for IPO's. We saw Door Dash (DASH) flu and Airbnb followed the next day with its own very impressive first-day move.

If you got IPO shares, count your blessings, and take your profits. The valuation on both is insane. Airbnb may someday be worth the price, but Door Dash will never be worth almost $70 billion. I suspect that 2020 will turn out to be the peak of revenues for Door Dash as a vaccine allows the world to normalize my mid-year 2021.

While those were the headlines, don't overlook that Hydrofarm Holdings (HYFM) jumped 159% in its debut yesterday. On Wednesday, software company C3.ai (AI) also saw shares more than double after its IPO closed.

According to Professor IPO Jay Ritter of the University of Florida, Airbnb was the 19th IPO to double on its first day this year. That's late 1990s action.

Don't forget SPACs. So far this year, we have seen 220 blank check companies go public. There were ten on Friday alone.

SPAC speculation so ramping up as well. I check in on the Redditt and Facebook SPAC groups, and I predict that epic amounts of money will be lost trading these things. No one has a clue what they are doing.

If you want to make money in SPACs, treat them as an arbitrage trade, not a growth opportunity.

They are not Pre-IPO shares that will grow your wealth to the sky. Most SPACs that have completed a deal are below the IPO price. There are a few well-publicized big gainers, but they are the exception, not the rule.

I have written about how to trade SPACs before. You can read it here.

Is it 1999 all over again?

I have no idea.

The vaccine news ...

Is it just me, or is it really difficult to get into the spirit of a COVID Christmas?

The tree is up, the outside decorations are out, and the calendar says December. Still, with all the boat parades, tree lighting, ...

Sorry for the delay with this today. I had most of it written before lunch, but the power went out, leaving me with no internet and the original document perched on a powerless desktop.

Now the dedicated folks at Florida ...

Speaking at an event in the European Union yesterday, Fed Chair Jerome Powell once again took Congress to task for not providing a fiscal stimulus package. Speaking at a virtual panel at the European Central Bank's Forum on Central Banking, ...

I kind of suspected yesterday's rally would have a hard time gaining traction. Many of the headlines surrounding the coronavirus look good, and we are edging closer to election day, which I think has the potential to go horribly wrong. ...

a 51% gianer form initial buy recommendation! The stock was on the buy list all the way up untillast Friday.

Southern Missouri Bancorp, Inc. (NASDAQ: SMBC, “Southern Missouri”), the parent corporation of Southern Bank, and Central Federal Bancshares, Inc. (“Central”), ...

Evans Bancorp, Inc. ("Evans") (NYSE American: EVBN) and FSB Bancorp, Inc. ("FSB") (Nasdaq: FSBC), jointly announced the execution of a definitive merger agreement whereby Evans will acquire FSB for $17.80 per share for total consideration of approximately $34.7 million. The ...

Kearny Financial (KRNY) is buying MSB Finacial (MSBF) for $18, giving us a gainof 79% and Cambridge Finacial is buying Melrose Bancorp (MELR) for $25 a share giving us a 37% profit.

That brings us to 10 takeovers on the ...

WEBK Bonus Bank Bought out for a huge gain. Over 240% at the clsoing deal price.

CAMBRIDGE, Mass. & WELLESLEY, Mass.--(BUSINESS WIRE)--Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), ...