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My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.
"To cover a short position" implies that you have a short position you are buying to cover. You likely mean "to put on a short position"
Eh, nevermind, IPOs don't have options chains yet...
Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…
It's insane how heavy the retail investor scene is right now. Everyone and their grandma is an expert on tech stocks it seems.
My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.
"To cover a short position" implies that you have a short position you are buying to cover. You likely mean "to put on a short position"
Put is still a bad word because it has a connotation for options trading. (put options vs call options).
Maybe "to bet on a short position" is the best phrasing? "Put", "Call", and "Cover" all have precise meanings in the financial word. "Bet" is ambiguous enough that its kinda clear in this case.
Earlier quoted context omitted.
I feel like this point could’ve been made stronger without all the resentment
no resentment from my end best way to play the stock, bond and crypto markets is from the issuer side, and a lot of people don't seem to understand that and media seems to play the role of getting people to not understand and I think it is weird they only talk about the chances for the retail/secondary market perspective, dressed up as analysis
Did I miss something? I thought Uber was still a long way from being profitable and had no plausible plan for how to become profitable.
Just like Amazon at its IPO.
Uber's Q4 2018 revenue was about $3B, up about 25% YoY. Its losses are a little hard to parse due to some tax shenanigans, but maybe $865M is about right (or maybe it should be worse), so 28% of revenue. Its market cap right now is around $85B, about 28x quarterly revenue.
Earlier quoted context omitted.
It’s not arbitrary at all. IPOs are structured by investments banks to ‘pop’ on the first day. If the closing price is below the IPO that is generally regarded as a failure and may imply over-valuation.
> If the closing price is below the IPO that is generally regarded as a failure and may imply over-valuation. Generally regarded by whom* exactly? The world is full of examples of IPOs that did badly on opening day/week but soared like mad afterwards. These generalizations and pretense of knowledge helps no one; especially considering that "over-valued" is not something that can be determined in a short period of tim…
It is correct. Object of the sentence. Common mnemonic: whom answered by him/them, who answered by he/they
Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…
It's actually a big factor.
This is unfortunate for many of the rank and file Uber employees but it’s good news for the stock market in general. It’s showing we’re not in a tech bubble and companies are still going to be valued based on how strong their business case is.
With the burn rate uber has, it'll be bankrupt in < 2 years. There are no other suckers to buy in after the public.