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Lemonade and Agora's IPOs in the last two weeks both doubled right out of gate and have kept going (1) Bankrupt HERTZ pumped 500%+ over a couple of weeks in Ju

Lemonade and Agora's IPOs in the last two weeks both doubled right out of gate and have kept going (1) Bankrupt HERTZ pumped 500%+ over a couple of weeks in June, to such a degree that their board nearly got a $500m unprecedented "worthless" equity offering out into the public market before the SEC shut them down. (2) Tesla is trading at $1,400. Their latest competitor Nikola - who has no sales and no actual consumer product - was briefly worth more than ford (3) I would assume that board rooms & investment bankers are SCRAMBLING to get their IPOs pushed out in Q3 or early Q4 2020. In the meantime hold onto your hats, don't risk what you can't afford to lose :) (1) https://www.cnbc.com/2020/06/18/bankrupt-hertz-terminates-controversial-stock-sale.html https://www.cnbc.com/2020/06/18/bankrupt-hertz-terminates-co... (2) https://techcrunch.com/2020/06/17/all-bets-are-off-as-hertz-pulls-plan-to-issue-500-million-in-new-stock/ https://techcrunch.com/2020/06/17/all-bets-are-off-as-hertz-... (3) *Was for a minute - off to an $18b valuation vs $25b for ford today haha - https://www.fool.com/investing/2020/06/09/as-stock-price-more-than-doubles-nikola-founder-bo.aspx https://www.fool.com/investing/2020/06/09/as-stock-price-mor...

ed25519FUUU 6y ago
Don’t fight the fed.
- aresant 6y ago
  Amen.
- xwdv 6y ago
  Amen.
- deleted 6y ago
  [deleted]
- deleted 6y ago
  [deleted]
- beamatronic 6y ago
  The trend is your friend until the end
deleted 6y ago
[deleted]
formercoder 6y ago
It’s actually a poorly done job by the bankers when stocks pop at ipo. Means their client left money on the table.
- trhway 6y ago
  It also means that their real clients - IPO subscribers - got the stock at huge discount.
ceocoder 6y ago
As my financial advisor from firm of WSB likes to say, “J Pow make money printer go brrrrrr”. Honestly none of this makes any sense, record unemployment, skyrocketing covid cases, people trapped at home shopping groceries online. Yet $TSLA is at 1400, and to quote my advisor “is going to the moooon”. Sigh.
- ThrustVectoring 6y ago
  It's all in interest rates. Far-future speculative cash flows become worth more when interest rates are slashed, and the fed's response to the whole coranavirus situation is to cut interest rates to zero.
- darkerside 6y ago
  Or maybe $1400 just isn't worth anywhere near as much as it was a year ago
- deleted 6y ago
  [deleted]
- qppo 6y ago
  It kind of makes sense, $2 trillion of the stimulus wound up in commercial banks' deposit slips because people who didn't lose their jobs had nowhere to spend it. It's not surprising to me that people saw the markets tank, remembered '08, and thought "let me put my dollars to work a little bit more." Now Robinhood rolled out fractional shares and anyone can invest in anything. Chaos, in aggregate.
- asdff 6y ago
  Or maybe bitcoin was never worth $17,000. Speculation is speculation. Stocks like tesla have such a retail following that they are no longer grounded in any fiscal reality. To properly invest in these stocks, one needs to find a financial advisor specializing in reading tea leaves.
  - andirk 6y ago
    Since it was 1,000 USD or so and was raising quickly in early 2017, I thought a good price for 1 BTC was a solid 10k USD. Happy with more, but w/ its current usage and interest, it seems to be the #
xoxoy 6y ago
I suspect they are worried about Biden winning. A big part of their sales is from police forces for doing surveillance work. Given the movement to cut back on police spending across states a Biden presidency would pretty much guarantee a massive cut in police related revenue.
- dnautics 6y ago
  Historically Biden has always voted for police spending. Hell, Kanye West has a better political record of ameliorating the incarceration industrial complex than Biden.

ed25519FUUU 6y ago

Don’t fight the fed.

aresant 6y ago
Amen.
xwdv 6y ago
Amen.
deleted 6y ago
[deleted]
deleted 6y ago
[deleted]
beamatronic 6y ago
The trend is your friend until the end

deleted 6y ago

[deleted]

formercoder 6y ago

It’s actually a poorly done job by the bankers when stocks pop at ipo. Means their client left money on the table.

trhway 6y ago
It also means that their real clients - IPO subscribers - got the stock at huge discount.

ceocoder 6y ago

As my financial advisor from firm of WSB likes to say, “J Pow make money printer go brrrrrr”. Honestly none of this makes any sense, record unemployment, skyrocketing covid cases, people trapped at home shopping groceries online. Yet $TSLA is at 1400, and to quote my advisor “is going to the moooon”. Sigh.

ThrustVectoring 6y ago
It's all in interest rates. Far-future speculative cash flows become worth more when interest rates are slashed, and the fed's response to the whole coranavirus situation is to cut interest rates to zero.
darkerside 6y ago
Or maybe $1400 just isn't worth anywhere near as much as it was a year ago
deleted 6y ago
[deleted]
qppo 6y ago
It kind of makes sense, $2 trillion of the stimulus wound up in commercial banks' deposit slips because people who didn't lose their jobs had nowhere to spend it. It's not surprising to me that people saw the markets tank, remembered '08, and thought "let me put my dollars to work a little bit more." Now Robinhood rolled out fractional shares and anyone can invest in anything. Chaos, in aggregate.
asdff 6y ago
Or maybe bitcoin was never worth $17,000. Speculation is speculation. Stocks like tesla have such a retail following that they are no longer grounded in any fiscal reality. To properly invest in these stocks, one needs to find a financial advisor specializing in reading tea leaves.
- andirk 6y ago
  Since it was 1,000 USD or so and was raising quickly in early 2017, I thought a good price for 1 BTC was a solid 10k USD. Happy with more, but w/ its current usage and interest, it seems to be the #

xoxoy 6y ago

I suspect they are worried about Biden winning. A big part of their sales is from police forces for doing surveillance work. Given the movement to cut back on police spending across states a Biden presidency would pretty much guarantee a massive cut in police related revenue.

dnautics 6y ago
Historically Biden has always voted for police spending. Hell, Kanye West has a better political record of ameliorating the incarceration industrial complex than Biden.