Airbnb (Nasdaq: ABNB) is set to begin public trading tomorrow morning. With incredible pent-up demand from the pandemic, this is a position to consider. However, IPO's are notorious for declining after the hype before continuing "normal" trading. If you do consider a position, perhaps begin to scale-in initially and more after the initial hype subsides.
I still love what hotels and resorts have to offer. But it's often hard to beat having an entire cottage for 4 guests for $100 per night in Tennessee like in the photos below - courtesy of Airbnb.
Happy trading and stay safe!
Disclaimer: This post represents my own opinion and is not a substitute for professional investment advice. It does not represent a solicitation to buy or sell any security. Investors should conduct their own due diligence and consult their tax and financial advisors before making any investment.
I plan to hold a position in: ABNB, with the intention of going mid to long-term.
I wrote this post myself, and it expresses my own opinions while sometimes quoting others. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.