Investing General Discussion

Locnar said:

Let me get this straight since I've never bought a IPO before. If I were to buy some snow on wed, I would be locked out of pre market trading, correct? The best I could do is just put in a order to buy X amount of shares at market open? Or I could put a limit order in to by X amount of shares for Y price, the Y being the upper limit of what i'd want to pay. Then when I see the order has executed, I could quickly go in and put a trailing stop loss in case it starts crashing that same morning?

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IPOs dont go at market open. "usually" its around 11am on the day they begin trading. So the only way to buy it is to hit it at the 1st trade or set up a limit/market order. If you limit wrong you get nothing, if you market the price could be much higher than you anticipate before when it actually gets assigned. Yes, once you get the shares you could set up your trailing stop order.

JPMorgan Chase Reports Lower Credit Card Delinquency Rate in August, Net Charge-Off Increases

09:15 AM EDT, 09/15/2020 (MT Newswires) -- JPMorgan Chase & Co.(JPM) on Tuesday reported a credit card delinquency rate of 0.95% for the month of August, down from 0.99% in July.

The net charge-off rate for the month was 2.18%, up from 2.03% in the prior month.

Price: 103.28, Change: +0.81, Percent Change: +0.79


MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

Locnar said:

hmm ok, so its a total gamble if you want to try to catch the rush/wave?

(I think im a conservative investor and have never done calls/puts all that WSB mess, but just for once I want to try something crazy with snowflake and later palantir for the hell of it)

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Im sure it is going to pop this morning especially with futures up. Pricing at $80, it may open above $90 or $100 and then run from there. I am also hearing prices opening in the $150+ range.

"Snowflake is the week’s star attraction. The cloud data platform company expects to sell 28 million shares at a newly increased estimated price range of $100 to $110 a share, up from a previously estimated $75 to $85 a share. At the top of the new range, the company would raise more than $3 billion, and debut with a market value of more than $30 billion. Snowflake has been generating stunning growth, with revenues of $242 million for the six months through July 31, up 133% from the comparable year earlier period, following 174% growth in the January 2020 fiscal year. Venture investors in the deal include Sutter Hill Ventures, Sequoia Capital, Redpoint Ventures, ICONIQ Strategic Partners and Altimeter Partners. CEO Frank Slootman, a former CEO at ServiceNow, holds a 5.9% stake that at the top of the projected range would be worth $1.6 billion. The company will list on the New York Stock Exchange under the symbol SNOW. Goldman Sachs (GS) and Morgan Stanley (MS) lead the underwriting group."

With the high volatility we have right now, another way to play SNOW might be to sit out the rush today and wait for the next 2-3% down day for the Nasdaq (which could be tomorrow). Let the FOMO crowd buy today and pick it up at a discount as it floats down on a heavy down market day. Just an idea.

DAL spiked this morning. Sold far out-of-the-money ($38) calls expiring next week.

TSLA +6.5%
To the moon!!

LachiusTZ said:

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Since PLTR is going to be a direct-listed IPO we wont have this fuckery going on. Direct-listing means the people who hold their shares are selling them directly to the market without these bank middlemen. I am reading that estimated price for PLTR to be in the low to mid teens.

Sanrith Descartes said:

Since PLTR is going to be a direct-listed IPO we wont have this fuckery going on. Direct-listing means the people who hold their shares are selling them directly to the market without these bank middlemen. I am reading that estimated price for PLTR to be in the low to mid teens.

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That's the one I planned to go in on. Looks better in most ways to me.

Strictly as an investor, SNOW reminds me of CLDR. I dont doubt the praise for the product people here have, but I dont see a moat. Also I read Capital One is a nice chunk of its revenue and at the same time also did some underwriting I think.

FVAC up 7% today. Coincidence?

Battery day coming up next week and Elon hinting at some crazy shit, really tempted to buy back into TSLA.

Snowflake to sell shares above target in year's biggest U.S. IPO -source


NEW YORK, Sept 15 (Reuters) - Snowflake Inc expects to sell shares in an initial public offering on Tuesday at around $120 apiece, above its target range, to raise more than $3 billion in the biggest U.S. listing so far this year, according to a person familiar with the matter.

The cloud-based data warehouse firm on Monday said it was aiming to sell 28 million shares at $100-$110 per share, revised upward from $75-$85 last week.

The IPO values San Mateo, California-based Snowflake at north of $30 billion. Snowflake declined to comment.

It is the largest U.S. IPO of 2020, eclipsing Royalty Pharma(RPRX) , and is yet another sign of the recent rebound in the U.S. market for new stocks after the COVID-19 pandemic prompted several companies to put IPO plans on hold.

Snowflake confidentially filed to go public earlier this year, shortly after its last funding in February that valued it at over $12 billion. Venture capital firm Sequoia owned an 8.4% stake in the company before the offering.

Snowflake's full-year revenue for the period ended Jan. 31 jumped 173.9% to $264.7 million, though its net loss nearly doubled to $348.54 million.

The company's shares are set to start trading on the New York Stock Exchange on Wednesday under the ticker "SNOW."

Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Co and Citigroup are the lead underwriters for the offering.

Sanrith Descartes said:

TSLA +6.5%
To the moon!!

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+10%

MSFT increases dividend 10%

Microsoft announces quarterly dividend increase
REDMOND, Wash. , Sept. 15, 2020 /PRNewswire/ -- Microsoft Corp.(MSFT) on Tuesday announced that its board of directors declared a quarterly dividend of $0.56 per share, reflecting a five cent or 10% increase over the previous quarter's dividend. The dividend is payable Dec. 10, 2020, to shareholders of record on Nov. 19, 2020. The ex-dividend date will be Nov. 18, 2020.

LachiusTZ said:

I might try an option...

Shit defies all sense in it's upward grind

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I bought 20 shares right after I posted it. It kept going up ¯\_(ツ)_/¯

"woman"

LachiusTZ said:

I might try an option...

Shit defies all sense in it's upward grind

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The implied volatility multiplier is a bitch on TSLA though. Fucks prices all up.