When Netflix opened at $15.00 a share it was hoping to get the bounce that PayPal got after Pay Pal went public. Netflix definitely made a splash with a price today of $248.66! And what about the LinkedIn money? Priced suspiciously low at $45.00 a share it soared to $109.00 bringing back a gut wrenching memory of the turn of the century tech culture that left us dizzy with stock options. Well, that LinkedIn IPO was a gift to the early investors who promptly got that money out to the economy.
A guy rolled up in his Lamborghini to look at house, a young guy, and he said, "Dude, I don't want to compete with the next IPO at Facebook or whatever, let's buy this house now!" He was flush with LinkedIn money.
In another case, a big wig at a "group discount" type company, is buying his trophy beach house fast before the tech money rolls out and makes competition drive prices from their current ridiculous values. Cash baby, they are all cash.
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