Realogy Holdings Corp (RLGY) had quite possibly the most electrifying and successful IPO last year, thanks to the Facebook (FB) debacle. Well, it appears that the farce is over, and Wall-Street has decided to take a huge nasty stinky DUMP on RLGY. Well, one can’t blame them; I mean, Wall-Street makes money on this trade no matter what - UP or DOWN, it’s the Muppets recruited by the Prophets at CNBC that will get slaughtered.
BTW, if you bought RLGY at its IPO price, I recommend you SELL IT NOW, since you’re already making a healthy profit on this trade, before shit hits the fan, and RLGY drops below its IPO price.
Here is the Daily chart of RLGY:
Price Target: $30
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