Sanrith Descartes
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Vaporware. I made my money and got out so I could care less, but those poor bagholders who were buying at $90 got ass-fucked minus the lube.
Investing General Discussion
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Awanka
Molten Core Raider
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They thought it was going to be the next TSLA. When the demand for an equity is out of control, the VCs and investment devils will cobble together some garbage to sell to the hoi polloi in its place. Look at how many shitcoins cropped up when bitcoin had its huge run.
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Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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TSLA in beast mode after Elon got the memo today was supposed to be a big up day. I am almost green. -1.27% from break-even. Insane.
ToeMissile
Pronouns: zie/zhem/zer
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I'm have a few shares at 356. As a filthy Robinhood user, my next move is obviously to take out a mortgage against my home and go all in.
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Hateyou
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I can’t imagine the stock goes up for long.
apple.news
SEC probing Nikola Motors over short-seller claims of fraud: Bloomberg — Business Insider
The Securities and Exchange Commission is looking into whether electric-truck maker Nikola Motors misled investors, Bloomberg News reported Monday. The probe follows a lengthy report last week from short-seller Hindenburg Research accusing Nikola of "intricate fraud" and "deception" by...
Sanrith Descartes
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"we have never seen this level of deception at a public company."I can’t imagine the stock goes up for long.
SEC probing Nikola Motors over short-seller claims of fraud: Bloomberg — Business Insider
The Securities and Exchange Commission is looking into whether electric-truck maker Nikola Motors misled investors, Bloomberg News reported Monday. The probe follows a lengthy report last week from short-seller Hindenburg Research accusing Nikola of "intricate fraud" and "deception" by...
Cough, cough. Enron, cough cough.
Hateyou
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LachiusTZ
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Furry
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lol. I didn't literally expect them to roll a truck down a mountain to prove the math. Thought it'd take a bit longer for the sites of the SEC to home in.
TJT
Mr. Poopybutthole
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TJT is all in
I'm putting down a solid amount on this. Their final round of funding before they filed got them buy-ins from Berkshire and Salesforce to buy in driving the price to >$100 at IPO.
Snowflake's IPO could value it as high as $24B, Salesforce and Berkshire to invest | TechCrunch
On the heels of new filings from both Sumo Logic and JFrog, Snowflake, a venture-backed unicorn looking to go public on the strength of its data-focused
techcrunch.com
This is a long term hold for me. I fully believe in the product and have used it for a few years now everyday. Its ever-expanding features are simply not seen anywhere else in the DB space OR the Cloud-Database space.
With Snowflake, your team of 15 expensive ETL engineers using overpriced Oracle, IBM, and Teradata products becomes something you can do with one person. I know because I literally did this for our entire company. Completely redesigned their data warehouse and developed a homebrew ETL application to manage the entire data pipeline and I did so alone in like 4 months. We're a smaller company with $200M in ARR.
You would have an exponentially harder time doing this with the other products on the market.
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Awanka
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I'm in for a good amount. Some IPOs you'll see a strong initial sell-off as the investors just want to turn a quick profit. Demand for this company seems pretty strong though, so there might not be any selling. I'll probably buy into it early in the morning.
Sanrith Descartes
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RE: SNOW
I know next to nothing about the product/service. I did look at the IPO filings. Of 277 million shares being offered, 72 million are going to insiders at a price of $6.70 a share. The IPO price to non-insiders is $80 a share. This includes Berkshire Hathaway and Salesforce. It's launching with a two tiered voting structure. Insiders stock gets 10 votes, outsiders get 1 vote. I won't be buying. Im not saying its a bad investment or everyone wont make money. For me personally, I dislike two tiered vote structures and I dislike the traditional IPO system which bones retail investors. Also while their revenue is increasing, their loss is increasing with it. They lost $4.67 per share on $96,666 revenue in 2019 and they lost $7.77 per share on $264,748 revenue in 2020. The loss per dollar of revenue is decelerating, but still really high. This is why I tend to roll to SPACS. Their structure is more evenly weighted for retail investors. Good luck everyone. Make much green.
I know next to nothing about the product/service. I did look at the IPO filings. Of 277 million shares being offered, 72 million are going to insiders at a price of $6.70 a share. The IPO price to non-insiders is $80 a share. This includes Berkshire Hathaway and Salesforce. It's launching with a two tiered voting structure. Insiders stock gets 10 votes, outsiders get 1 vote. I won't be buying. Im not saying its a bad investment or everyone wont make money. For me personally, I dislike two tiered vote structures and I dislike the traditional IPO system which bones retail investors. Also while their revenue is increasing, their loss is increasing with it. They lost $4.67 per share on $96,666 revenue in 2019 and they lost $7.77 per share on $264,748 revenue in 2020. The loss per dollar of revenue is decelerating, but still really high. This is why I tend to roll to SPACS. Their structure is more evenly weighted for retail investors. Good luck everyone. Make much green.
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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?