Stocks - The Best Buys 2

[bomber317]

Originally Posted by Samonadreau

LSPD is an interesting .TO tech company to follow. KXS too.

KXS looks interesting. Thanks for the info!

LSPD looks like a decent business.
They announced an IPO on the US side yesterday and that could drive some more momentum into the stock.

[IliketoPuck]

Do you tech gurus have thoughts on the upcoming Nuvei and Snowflake IPOs?

[bomber317]

Originally Posted by IliketoPuck

Do you tech gurus have thoughts on the upcoming Nuvei and Snowflake IPOs?

I buy IPOs for 2 reasons,

1 - I want to gamble and make a possible quick 20-40-80%
2 - I actually like the business and want to be in long term

Nuvei doesn't qualify that for me. Not a disruptor / business doesn't excite me / IPO is filed only in Canada. I have doubts on it having momentum to push the stock up heavily, but with that being said, perhaps there is a pent up demand for Canadian Tech investments to drive the price up.

Snowflake looks to qualify both of my reasons. I haven't looked into the technical details of their cloud data warehousing, but that is definitely a growth area. It looks to have momentum, it's a US stock, a lot of people are talking about it. Might be worth taking a flyer in your registered or TFSA accounts depending on what price you can get it at. If only us peons could actually get IPO pricing on some of these stocks....

[IliketoPuck]

Best to option I can come up with to participate on opening day is getting into a US tech ETF that is participating.

I tend to agree on Nuvei. It is an interesting company, but is by no means unique in the tech space. They also have a boat full of debt.

Snowflake on the other hand is fascinating, and something I'm continuing to research, especially given the major players that are involved in the listing.

[wwkayaker]

The market doesn’t like the news of RBGs passing/ensuing battle.

[Slava]

Originally Posted by wwkayaker

The market doesn’t like the news of RBGs passing/ensuing battle.

I think it's concern about a second wave/closures in Europe.

[manwiches]

Anybody catch SPI today with the 3800% move? Utter bananas. Today probably created some bad habits for new traders.

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[OMG!WTF!]

Originally Posted by manwiches

Anybody catch SPI today with the 3800% move? Utter bananas. Today probably created some bad habits for new traders.

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Yes. In at 4.26 and out at 4.55 like a thief in the night. Took the rest of the afternoon off. What's this 3800% all about?

[Johnny199r]

I'm not deploying any cash until the U.S election. Hoping for a pullback.

[Crazy Flamer]

Originally Posted by manwiches

Anybody catch SPI today with the 3800% move? Utter bananas. Today probably created some bad habits for new traders.

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Got in at $4.20, out at $6.81. Should have held on longer...

[bizaro86]

Just Energy went crazy today. The big news was their recap transaction (where they convert a huge amount of debt and prefs into stock) and 33:1 reverse split is a go.

Not sure that justifies today's double, as I'm pretty sure a lot of the folks getting the new shares will sell immediately.

Disclosure: short JE using puts.

[bluejays]

Looking at the market the past couple days up pretty nicely. I’m almost all cash. I am fully expecting a major pullback given the situation with covid being terrible now but the market hasn’t reacted negatively to it. This despite it getting bad fast. The market is truly perplexing.

[Johnny199r]

Originally Posted by fleury

Looking at the market the past couple days up pretty nicely. I’m almost all cash. I am fully expecting a major pullback given the situation with covid being terrible now but the market hasn’t reacted negatively to it. This despite it getting bad fast. The market is truly perplexing.

Not going with "time in the market beats timing the market"?

I understand keeping some cash on the sideline, or more cash than usual, but all cash?

[bluejays]

Originally Posted by Johnny199r

Not going with "time in the market beats timing the market"?

I understand keeping some cash on the sideline, or more cash than usual, but all cash?

Yeah. More or less. I guess my position for the longest time has been that this has been an unprecedented thing that most of us haven’t seen in our lifetime. The job situation has been bad and bound to get worse, with no vaccine for about a year, but possible treatments. So my position has been the current valuations have been high compared to what they should be. Now, clearly I’ve been wrong to this point, but I find it hard mentally to get in to the market overall when it’s so high. Things that I want to invest have risen dramatically as well which makes it harder to get over. I do believe in cloud accelerating so I want to invest in Amazon but I’m waiting for the pullback to $2800 or so.

[bomber317]

Originally Posted by IliketoPuck

Do you tech gurus have thoughts on the upcoming Nuvei and Snowflake IPOs?

Did you jump into the Snowflake IPO?

I didn't track it but it looks like it was available to the masses around $259? IPO was $120?

Looks to be trading in the $220 - $260 range now, including the overall tech pullback last week.

[IGGYRULES]

Originally Posted by bomber317

Did you jump into the Snowflake IPO?



I didn't track it but it looks like it was available to the masses around $259? IPO was $120?



Looks to be trading in the $220 - $260 range now, including the overall tech pullback last week.

Retail investors are at a huge disadvantage with IPO's. Better off to invest in an IPO etf as they can likely buy at the IPO offering price. Snowflake was $280 the moment it hit the market. Far cry from the $75 then $130 per share valuation they had given it. The original share price was going to be $75 iirc then a few days later that raised to $120. Keep in mind that $75 price was likely an inflated value as it stands. No way they were worth 3.5x more on IPO day. Market is nuts...

[IliketoPuck]

Originally Posted by bomber317

Did you jump into the Snowflake IPO?

I didn't track it but it looks like it was available to the masses around $259? IPO was $120?

Looks to be trading in the $220 - $260 range now, including the overall tech pullback last week.

No, I watched closely, but didn't pull the trigger.

Pre-market signals indicated it would open far too high. The company also has a minimal float currently, due to share lockups from the IPO. The company debuted at very high multiples in comparison to peers. Once those lockups expire, there will likely be downward pressure on shares, and a more reasonable entry point in my view.

[bomber317]

Originally Posted by IGGYRULES

Retail investors are at a huge disadvantage with IPO's. Better off to invest in an IPO etf as they can likely buy at the IPO offering price. Snowflake was $280 the moment it hit the market. Far cry from the $75 then $130 per share valuation they had given it. The original share price was going to be $75 iirc then a few days later that raised to $120. Keep in mind that $75 price was likely an inflated value as it stands. No way they were worth 3.5x more on IPO day. Market is nuts...

when has the market made sense lately?

Is there any point looking at some of the financials anymore? Seems to be all about momentum. Heck how did Nikolai even get the stock run it had without a solid business plan or even the technology to back it.

But yes, retail investing into IPO sucks. LMDN / NCNO / SNOW all opened to over double their IPO which included IPO price increases beforehand.

[The Fonz]

Any thoughts regarding the USD during and after this US Election? It typically strengthens in the run up and onward to inauguration day. Will the uncertainty (volatility?) of Trump's behaviour change this though?

[manwiches]

Originally Posted by IGGYRULES

Retail investors are at a huge disadvantage with IPO's. Better off to invest in an IPO etf as they can likely buy at the IPO offering price. Snowflake was $280 the moment it hit the market. Far cry from the $75 then $130 per share valuation they had given it. The original share price was going to be $75 iirc then a few days later that raised to $120. Keep in mind that $75 price was likely an inflated value as it stands. No way they were worth 3.5x more on IPO day. Market is nuts...

IPOs are fun to play on open for the first couple hours. The volatility is amazing for scalping.

But I agree. To get in as a retail investor at open, is brutal. As a retail trader, amazing.

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