Somebody should be getting fired for underpricing these IPOs. Probably old crudgy guys like me explaining financials and valuations to these young CEOS
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Stock Thread (16 Viewers)
- Thread starter St. Louis Bob
- Start date
Don Hutson
Footballguy
What are you guys looking at for an exit price with UVXY? Are you waiting for a gloryhole the likes of which could land Rod Stewart in an ER? Or are you going to exit if it pops to $13-$15?
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Desert_Power
Footballguy
Curious why people like this one. Seeing a lot of discussion around it on r/SPACs, but just haven't been very excited about a mortgage origination play. Mortgages are basically a commodity. Also seems weird how little equity the SPAC gets.
Punxsutawney Phil
Footballguy
I wonder if things fall off if the fda doesn't approve
Capella
Footballguy
CR69
Footballguy
I’m starting to agree with you but at least United announced that they’re targeting a $.40/yr dividend which is rare compared to the other mortgage companies (like Rocket or Guild) that are publicly traded.
I like it because it actually makes money and will be in business in 5 years unlike most of these EV companies.
McBokonon
Footballguy
The problem is when they start out with a dividend right away, that could indicate that aggressive growth isn’t part of their plans.
CR69
Footballguy
Again...how does the investment banking community miss the number by so much.Looks like Bid/Ask on ABNB is $155 right now
beef
Footballguy
Are they? $68 vs $155, sure. But aren't these banks making out pretty well by that? AirBnB is the one that is missing out on more?
Not totally clear how these IPOs work. Assumed the simple explanation is Investment banks sell AirBnB shares for $68 to their cronies and themselves. Then all the cronies get together and circle jerk each other as they prepare to unload on the backs of people willing to bend over and pay $155. AirBnB get the capital they wanted. Big Banks and their cronies get paid and laid.
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FUBAR
Footballguy
Looking towards 2021, one thing I'm going to do more of, is buying companies I like, regardless of how many shares. Just to own parts of things I like. The little I did this past year has done alright (DFS, SE, TSLA, DIS, TM, HD) but I'm going to view it more as a collection in the regular, fun brokerage. Many of these will just be a few shares to hold.
With that in mind, what are some companies you like?
With that in mind, what are some companies you like?
McBokonon
Footballguy
I don't own it anymore, but COST would be one. I like and own SQ (Cash App) and AAPL. If you're an Android guy maybe GOOGL instead.
They aren’t. ABNB and the banks can’t get too greedy and honestly, the price action isn’t normal. Do you think banks want to give all their clients ABNB stock at $155 and then it’s $100 next year? They want their whales to make money too. I wouldn’t ever participate in an IPO if I knew the price would be the absolutely best case and you almost always lose money. Then the capital raised starts to go away.
Also, let’s not act like this IPO pricing is normal. We’ve basically just gone plaid.
The SPAC equity is no different than an IPO. ABNB raised $4B and are worth way more than that. SPACs are basically about the same.
Lomez
Footballguy
I'm an Android guy, and I may own AAPL forever.
I mean, I also own GOOGL, but not remotely for that reason.
Desert_Power
Footballguy
AirBnB got hosed own this deal. If a financial advisor rips you off, there can be consequences. This is basically financial malpractice IMO. I'm just a moron that owns Amazon and even I knew this IPO was grossly underpriced.
McBokonon
Footballguy
ChiefD
Footballguy
McBokonon
Footballguy
Dwayne Hoover
Footballguy
Not touching ABNB for a while.
TripItUp
Footballguy
Why I sold FLGT I have no clue. It was like it was laughing at me. I made like $10k but still pissed I sold it.
Lomez
Footballguy
McBokonon
Footballguy
Desert_Power
Footballguy
Had been watching it for a while and finally got on board when Bass pointed out how much they had pulled back a couple weeks ago
cosjobs
Footballguy
I'll grab some profits on the way up and probably re-buy at dips. But I more than tripled our ROTHs with TVIX in Mar-April, so I'll have some trying to hit 40 or even 80. Market valuation has gone from 15x forward earnings to 25x. The pandemic is killing record numbers of people daily and exponentially rising. Our chief executive officer is refusing ot accept the election results and is now trying to invalidate legal votes in a direct threat to democracy. Global warming is rising faster than ever after the neutering of the EPA.Don Hutson said:
Doesn't seem too rosey to me. If there is not a 20-30% correction by summer I will be stunned. And if it happened in the next weeks and months, it would not surprise me in the least.
Don Hutson
Footballguy
Iran/Israel can be added to the list of potential catalysts. I sold my UXVY today at $11.28 but I might get back in. It's probably a good investment for the remainder of Trump's term. He is capable of doing some extreme/desperate things in the next 6 weeks and a day.
ConstruxBoy
Kate's Daddy
That's a lot of KY Jelly...beef said:
beef
Footballguy
No lube. Couldn't afford it.
Actually never got in. Cancelled the buy since I had to step away for work. Looks like I would have hit $146. Probably would have sold by now and just called it a wash.
I know. I was the effin band leader for it in here. I meant to buy back when it was about where I sold it but missed it and it jumped due to MF mentioning it.
Oh well, I’ve sold a few at the right time and a few too early.
TripItUp
Footballguy
My best guess is we have a correction in the next month and some of these startups pull back. I'd definitely be taking profits here.
