Stock Thread (11 Viewers)

[beef]

Berkshire getting in on SNOW now too?   "Only" 250M bet for them though.

Am I nuts for thinking this may hit $200/sh the first week after the retail cult checks in?

Yeah, you're f'n nuts.  That's way too low.  

 

[pecorino]

I told wifey it would be $150 on Wednesday. Just a guess. She owns BRK so that’s fine. I’m not buying on that kind of pop, though. 

Um, looking like $235 to open soon. I hope Warren got in at a much lower level. We may own some SNOW through BRK-B but it's not looking like we'll own any outright. I'm not buying an IPO at a price that's triple what the original price was ($75-80). 

 

[pecorino]

Wonder where $150 puts will open

I'd imagine the options action on SNOW will be insane. I also assume, though, that trading options won't happen at the same time as the IPO but maybe several days later? Feels like a ticker needs time to establish at least a brief history before options are traded on it, but I'm just speculating.

 

[McBokonon]

I'd imagine the options action on SNOW will be insane. I also assume, though, that trading options won't happen at the same time as the IPO but maybe several days later? Feels like a ticker needs time to establish at least a brief history before options are traded on it, but I'm just speculating.

I think a minimum of three business days but it’s usually longer. Though with this one, who knows?

 

[FreeBaGeL]

SNOW Here we go!

 

[Bob Sacamano]

I remember reading CRM had a stake in them. Anybody know how large?

 

[beef]

ask of 299, lol.  halted in seconds.

 

[FreeBaGeL]

Immediate circuit halt up lol this market.

 

[BassNBrew]

SNOW Here we go!

Halted

 

[beef]

Immediate circuit halt up lol this market.

my 250 limit did not hit

 

[pecorino]

Immediate circuit halt up lol this market.

See also: irrational exuberance. 

 

[BassNBrew]

I remember reading CRM had a stake in them. Anybody know how large?

$250 million 

i just added some salesforce

 

[CGRdrJoe]

Welp, guess that’s a no for SNOW

 

[beef]

well, i've gone full on crazy.  bought @ 275 but only 10 shares.

 

[BassNBrew]

$250 million 

i just added some salesforce

If I calculate right Salesforce jump made $250 million or 33 cents a share.  Their 3Q earning target is 75 cents.  

 

[BassNBrew]

I'm suspect my $125 limit order is safe.  

How low do we think Snow will drop?  I got to imagine these institutions and other companies that brought shares are shedding them to lock in gains and free up money for the next one.

 

[Bob Sacamano]

Not that low

 

[beef]

I'm suspect my $125 limit order is safe.  

How low do we think Snow will drop?  I got to imagine these institutions and other companies that brought shares are shedding them to lock in gains and free up money for the next one.

That'd be a nuts if it did drop to 125.  I cut bait quickly.  Will wait and see where this one balances out at. 

 

[ChiefD]

The stock market is a weird place. 

 

[Bob Sacamano]

A little less than 3 hrs of trading remaining in the day. Post your guesses as to closing price. Closest to the mark gets a free (very) stale pastry of your choice.

 

[beef]

A little less than 3 hrs of trading remaining in the day. Post your guesses as to closing price. Closest to the mark gets a free (very) stale pastry of your choice.

188.37

 

[Bob Sacamano]

$208.15

 

[ChiefD]

198.49

 

[ChiefD]

218.37

Cheater.   

 

[McBokonon]

235.15

 

[Bob Sacamano]

218.37

I saw that!!

 

[-OZ-]

I'm boring

Bought 100 shares of YLCO, avoiding the

 

[-OZ-]

Um, looking like $235 to open soon. I hope Warren got in at a much lower level. We may own some SNOW through BRK-B but it's not looking like we'll own any outright. I'm not buying an IPO at a price that's triple what the original price was ($75-80). 

VTI too

I'd think the various ARK ETFs will own some snow. Otherwise

 

[Bob Sacamano]

Assuming IPO will be in on it, too

 

[BassNBrew]

A little less than 3 hrs of trading remaining in the day. Post your guesses as to closing price. Closest to the mark gets a free (very) stale pastry of your choice.

$230

 

[BassNBrew]

Just picked up an add'l 5 SPACs.

 

[stbugs]

Unless you are day trading, it’s already way overvalued and I own lots of tech. MDB is a company I own that’s in the database game and their total 2020 revenue is going to be up 100% on 2019 and around $500M for the year. Snowflake should be around that same revenue for 2020 and growth of 120% over 2019. So Snowflake has a better growth rate and about the same 2020 revenue. MDB’s market cap is $12B and SNOW’s market cap is $72B. Is more growth worth 6 times the market cap? MDB has also been on a big run this year too and some might say it’s a little rich and SNOW is 6 times that.

Buying now is a short term proposition because long term it seems like a bad return compared to other similar cloud stocks.

 

[-OZ-]

Assuming IPO will be in on it, too

What's the deal with IPO? Does it hold offerings long? The company profile makes it look like they fairly quickly get in and back out.

 

[stbugs]

Just picked up an add'l 5 SPACs.

Which ones? I’m only in OPES, FMCI, IPOB and IPOC. I missed the EV ones although I know there’s too many EV stocks right now and many won’t make it long term.

 

[stbugs]

Jfrog IPO rolling too. It’s pretty rich as well. Price to sales of 40 already, which is high but not like SNOW.

 

[Don Hutson]

Only up 12%.

I wonder why RVVTF didn't pop more than that?  I think I'm going to have to buy some in case a delayed pop is on the way.

 

[Bob Sacamano]

What's the deal with IPO? Does it hold offerings long? The company profile makes it look like they fairly quickly get in and back out.

iirc: When a company reaches 2 years from their IPO, they sell the position that quarter-end.

 

[BassNBrew]

Which ones? I’m only in OPES, FMCI, IPOB and IPOC. I missed the EV ones although I know there’s too many EV stocks right now and many won’t make it long term.

INSU - Insurance Acquisition (Something may be near hear)

SNPRU - Tortoise II

SVACU - Starboard Value (Papa John's and Darden investor)

TWCTU - Cheap and says they will look tack

CFFA - 3 month extension.  Not sure if this is standard.  It was cheap.

I may be foolish here...but all 7 previous SPACs I've bought are in the green.  I assume the downside is somewhere in the 9s if they fold?

 

[FreeBaGeL]

INSU - Insurance Acquisition (Something may be near hear)

SNPRU - Tortoise II

SVACU - Starboard Value (Papa John's and Darden investor)

TWCTU - Cheap and says they will look tack

CFFA - 3 month extension.  Not sure if this is standard.  It was cheap.

I may be foolish here...but all 7 previous SPACs I've bought are in the green.  I assume the downside is somewhere in the 9s if they fold?

If they fold without finding a deal then they give the 10 bucks back.

Could still go below 10 after merger approval (hello HOFV) of course.

 

[-OZ-]

iirc: When a company reaches 2 years from their IPO, they sell the position that quarter-end.

So it's basically a bet that, on average, companies increase in value following their IPO?

I guess I can get on board with that.

 

[stbugs]

INSU - Insurance Acquisition (Something may be near hear)

SNPRU - Tortoise II

SVACU - Starboard Value (Papa John's and Darden investor)

TWCTU - Cheap and says they will look tack

CFFA - 3 month extension.  Not sure if this is standard.  It was cheap.

I may be foolish here...but all 7 previous SPACs I've bought are in the green.  I assume the downside is somewhere in the 9s if they fold?

Are you out of the others? I’m up about $7k on the 4, so I like them as well and IPOC hasn’t gotten the news pop yet. Unfortunately, FMCI is in a taxable account so taxes make flipping that a decision.

I was actually thinking about PSTH, but I’ll check out your others. Kind of want to try and stay on the high quality ones where maybe it’s something to hold for a while. Some of my best stocks are pretty recent IPOs just a couple or few years later. Get them early and the returns can be stellar and make up for the poop.

 

[SFBayDuck]

Just realized a buddy and former colleague is a VP of Sales at SNOW.  He's having a good day.

 

[BassNBrew]

Are you out of the others? I’m up about $7k on the 4, so I like them as well and IPOC hasn’t gotten the news pop yet. Unfortunately, FMCI is in a taxable account so taxes make flipping that a decision.

I was actually thinking about PSTH, but I’ll check out your others. Kind of want to try and stay on the high quality ones where maybe it’s something to hold for a while. Some of my best stocks are pretty recent IPOs just a couple or few years later. Get them early and the returns can be stellar and make up for the poop.

Still holding FMCI, LCA, FTAC, IPOC, OPES, KCACU, GSHU  sold Diamond Peak in the mid 20s, now in the 30s.  Couldn't pass on it doubling twice for me.

I'm kind of using these new ones as a cash holding cell.  I the market dumps, I'll sell for a small loss/break even and buy something else.

 

[BassNBrew]

Are you out of the others? I’m up about $7k on the 4, so I like them as well and IPOC hasn’t gotten the news pop yet. Unfortunately, FMCI is in a taxable account so taxes make flipping that a decision.

I was actually thinking about PSTH, but I’ll check out your others. Kind of want to try and stay on the high quality ones where maybe it’s something to hold for a while. Some of my best stocks are pretty recent IPOs just a couple or few years later. Get them early and the returns can be stellar and make up for the poop.

Let me know if there's any other those you really like as I might add more.

 

[-OZ-]

Still holding FMCI, LCA, FTAC, IPOC, OPES, KCACU, GSHU  sold Diamond Peak in the mid 20s, now in the 30s.  Couldn't pass on it doubling twice for me.

I'm kind of using these new ones as a cash holding cell.  I the market dumps, I'll sell for a small loss/break even and buy something else.

You know, I think I like that plan.

 

[-OZ-]

Perhaps not the right place to ask, but you're all active...

I can upgrade my fundrise account to advanced, but then they'll issue me a K1 each year. 

How much of a pain is getting a K1? And filing taxes with it

 

[beef]

Perhaps not the right place to ask, but you're all active...

I can upgrade my fundrise account to advanced, but then they'll issue me a K1 each year. 

How much of a pain is getting a K1? And filing taxes with it

I used to get a K1.  TaxCut handled it just like entering a W2.  I never received dividends so mine were always pretty simple.  

 

[-OZ-]

I used to get a K1.  TaxCut handled it just like entering a W2.  I never received dividends so mine were always pretty simple.  

We're probably talking about $200 or so in dividends. Not huge, but something.

 

[beef]

We're probably talking about $200 or so in dividends. Not huge, but something.

It's been awhile and not sure if the new tax laws changed, but I believe that will just transfer to Sch B or D as cap gains???  If you use a tax software I wouldn't worry about any hassles entering it.  I've always used TaxCut deluxe or premium and it was very straight forward.      

 

[beef]

INSU - Insurance Acquisition (Something may be near hear)

SNPRU - Tortoise II

SVACU - Starboard Value (Papa John's and Darden investor)

TWCTU - Cheap and says they will look tack

CFFA - 3 month extension.  Not sure if this is standard.  It was cheap.

I may be foolish here...but all 7 previous SPACs I've bought are in the green.  I assume the downside is somewhere in the 9s if they fold?

SNPRU didn't go live on TD, unless I messed up the ticker.  These SPACS have done well for me too so I threw a little at the others.  Thanks for the heads up.