Bob Sacamano
Footballguy
There's a lot of overlap between here, the retirement thread, the personal finance thread, and probably half a dozen others. I think you're fine either way.
I picked up some of this after the big dump it took.PANW (Palo Alto Networks) and FI (Fiserv) on our master list now.
Cyber Security and Contactless pay
Nice upside from here IMO and long term holds.
BA returns to the list at these levels. Think 3-5 year old from here. IMO they will work past the issues they are currently having long term.
I'm intrigued by the Reddit IPO. I'll probably buy a small slice of shares just to be part of the gang. Feels like it could easily gain or lose 80% within days. Apparently the Redditors are against the whole process so they may drive the price down violently. They're such rabble rousers.
From Morning BrewI'm intrigued by the Reddit IPO. I'll probably buy a small slice of shares just to be part of the gang. Feels like it could easily gain or lose 80% within days. Apparently the Redditors are against the whole process so they may drive the price down violently. They're such rabble rousers.
Today’s the day you can finally own stock in Reddit, the only social media platform where you can both stage a Wall Street coup and join a community for people who love stapling bread to trees.
The 19-year-old company, listed on the New York Stock Exchange as RDDT as of today, is selling 22 million shares priced at $34 each, valuing Reddit at $6.4 billion.
But that’s pretty much the only conventional thing about this IPO, which is being bet against by some of the very people who make the site what it is, prompting Reddit to warn of potential volatility.
Here’s what’s going on:
- In a nod to the platform’s reliance on user-generated content, Reddit set aside 1.76 million shares for certain US-based highly active users and volunteer community moderators.
- Many Redditors have not only passed on the IPO—they’re getting ready to dance on its grave. The 15-million-member r/wallstreetbets subreddit, which briefly turned GameStop to gold in 2021, is filled with talk of shorting RDDT and watching it “absolutely plummet.”
- Any Redditors who did buy before the bell won’t have to wait the typically mandatory six months before selling, so they could cash in on initial surges.
Growing pains
Last year Reddit CEO Steve Huffman said it was time to “behave like an adult company.” But the untameable beast that is the Reddit community hasn’t always been on board with Huffman’s efforts to make the site profitable…like when thousands of moderators protest-shuttered their communities after Huffman announced that third-party developers would have to pay for site access.
Now that it has a fiduciary duty to make its shareholders richer…Reddit has to figure out how to turn a profit without enraging users. But in a move that will probably anger many of them anyway, Reddit is looking to diversify its main revenue stream (ads) by letting companies train their AI models on user-generated content. It just signed a $60 million/year data licensing contract with Google, but the FTC is probing the deal.—ML
Looks like it's going to open at least in the mid 40's.I entered orders to buy a slice of RDDT at $25 per share, another slice at $20 and a double slice at $15. I wanna play.
YupBuy AAPL on the dip?
I'll wait patiently.Looks like it's going to open at least in the mid 40's.I entered orders to buy a slice of RDDT at $25 per share, another slice at $20 and a double slice at $15. I wanna play.
Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.
Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.
DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.
YupBuy AAPL on the dip?
Would very much like to short both.
Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.
DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.
This thing will still trade bonkers. Trump has billions in shares which he could theoretically just dump to pay bills. He could also demand other GOPers spend advertising money there as a show of fealty. The people in the tired of Vegas thread should just gamble with DJT and RDDT instead. All of the action, none of the cigarette smoke.
At least someone made money with that product. Did you feel like you needed to take a shower after?
Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.
DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.
Difference being Mr. Market will go to prison.APPL yesterday and NKE today. I am getting the Maxx Hardcore treatment from Mr. Market with less kindness and more spit.
Like everyday. What turned out as a casual interest/watching a trainwreck turned into an obsession for the last couple years. I'm no where near as stock savvy as most of the group here, but I know more about DWAC, Truth Social and "blind faith" investors than I ever thought I wanted to know. There is no way this stock succeeds, there is just no product, and a lot of people are going to lose their life savings and maxed out credit card advances.At least someone made money with that product. Did you feel like you needed to take a shower after?
Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.
DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.
We've gone from 6 cuts to a shaky 3 cuts. And the market is rocking. IMO we get maybe 1 cut by end of the year. If Powell actually signals strongly for a cut (what he did was anything but that) this market is going to reverse crash.I see that Powell is talking about rate cuts.
I think you are right. I was on the 3 cut train for about the last 6 months - June/September/December. Now I'm leaning June/December, but I could be off. I don't know the history of rate moves in election years and I don't really see any inflation relief in the next 6 months.We've gone from 6 cuts to a shaky 3 cuts. And the market is rocking. IMO we get maybe 1 cut by end of the year. If Powell actually signals strongly for a cut (what he did was anything but that) this market is going to reverse crash.I see that Powell is talking about rate cuts.
Hope you don't own LULU.APPL yesterday and NKE today. I am getting the Maxx Hardcore treatment from Mr. Market with less kindness and more spit.
Personal accountability isn't popular. It's somebody else's fault.People have to stop spending and going into debt before inflation will drop any further. They aren't.
Interesting article in Time magazine about why it is so easy for people to keep spending (and going into debt).People have to stop spending and going into debt before inflation will drop any further. They aren't.
I for one never ever thought 6 cuts were coming in 1 year. I felt 2 max.....what they may end up doing is one .50 basis point cut in October and take a wait and see.We've gone from 6 cuts to a shaky 3 cuts. And the market is rocking. IMO we get maybe 1 cut by end of the year. If Powell actually signals strongly for a cut (what he did was anything but that) this market is going to reverse crash.I see that Powell is talking about rate cuts.
Yeah, this.lol. I think he means the opposite of that.
Yeah just re-read that. Lol.lol. I think he means the opposite of that.
Until I buy my first share.Feels like every time I look at nvda it’s up another 2%. How long can this continue for?
Bought a small amount of reddit at $46.81
Down to one.I for one never ever thought 6 cuts were coming in 1 year. I felt 2 max.....what they may end up doing is one .50 basis point cut in October and take a wait and see.We've gone from 6 cuts to a shaky 3 cuts. And the market is rocking. IMO we get maybe 1 cut by end of the year. If Powell actually signals strongly for a cut (what he did was anything but that) this market is going to reverse crash.I see that Powell is talking about rate cuts.
Seriously.$BA Boeing CEO finally stepping down at the end of the year. Board Chair not running for re-election. CEO of the Commercial Airlines segment retiring.
Long overdue house cleaning.