Octopus Overlords

So is buying into an IPO done just like a regular stock purchase?

If you are one of the plebs then, yes. If you are special then you are truly buying in to the IPO and getting the IPO set pricing before the plebs. If you are special then you know it and wouldn't be asking, you'd be working with the bank making the IPO happening.

LordMortis wrote: ↑Sat Mar 23, 2024 8:10 am If you are one of the plebs then, yes.

I'm definitely one of the peons.

Carpet_pissr wrote: ↑Fri Mar 15, 2024 12:41 pm Any of the 4 people left on OO that are also reading this board, currently or previously owned any cannabis or psychedelic related stocks? (or plan to buy in the future) I need someone other than the freaking Yahoo finance board to bounce shit off of. Preferably someone with a brain cell or two, and/or above the mental age/maturity of 15.

Reddit is pretty good, and far and above the Yahoo boards' trash, but I'm hoping for "next level" discussion.

I still have some CRON. Haven't really been following the space that much though.

em2nought wrote: ↑Sat Mar 23, 2024 3:19 am So is buying into an IPO done just like a regular stock purchase?

Unless you're special, you buy it when it is a regular stock starting the day it is offered on the open market.

It's almost always better to wait though. Day 1 euphoria usually means a big premium.

LawBeefaroni wrote: ↑Sat Mar 23, 2024 8:58 am It's almost always better to wait though. Day 1 euphoria usually means a big premium.

Yep *COUGH* RIVIAN *COUGH*

I believe in RIVIAN and made a few bucks off them but not much and not with many shares. Maybe it's time show some faith and get back in with a couple hundred shares, enough to sell options and cut in half with profit if they take an unexpected short term upturn. I think they will survive, unlike pretty much every other EV start up except TSLA. It's something to think about after the first when my next CDs mature.

LordMortis wrote: ↑Sat Mar 23, 2024 11:39 am I believe in RIVIAN and made a few bucks off them but not much and not with many shares. Maybe it's time show some faith and get back in with a couple hundred shares, enough to sell options and cut in half with profit if they take an unexpected short term upturn. I think they will survive, unlike pretty much every other EV start up except TSLA. It's something to think about after the first when my next CDs mature.

I sold mine at a loss relatively recently. I think my cost basis was low $30's and I sold around $23 or $24. I felt bad at the time, but now I feel much better looking at the current price, wow! I was expecting it to drop into the teens, but didn't expect $10, Jesus.

Yeah, if you think they will even survive (or get acquired), now would probably be a great time to buy. That whole Georgia plant kerfuffle really turned me off of the investment as a whole. And the fact that the vehicles themselves are not as wildly popular as I assumed they would be when I first bought.

What about the poor bastards that bought at IPO, or even within a few days, from $100 to $128?! Gah.

Wow. What the hell is up with Apple stock. Insane jump today of 10 points. It's been struggling the last couple months here - but it just like rebounded it all in one day.

Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback

Apple shares popped 6% Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. It was the best day for the stock since Nov. 30, 2022.

The iPhone maker announced Thursday it would repurchase $110 billion of its shares, the biggest buyback in U.S. history, surpassing Apple’s prior repurchases. The company posted earnings of $1.53 per share on revenue of $90.75 billion, exceeding analysts’ estimates of earnings of $1.50 per share on revenue of $90.01 billion, according to LSEG.

GameStop is going crazy again, as it spiked 75% yesterday and is up a bit over 100% premarket as the meme traders are at it again.

GME hit a high of $80 in pre-market, currently around $36.5. Lots of FOMOers getting fleeced.

1,800x P/E.

Just a little over a month until I can "maybe" pull all my funds out of my annuity without a big pre 59&1/2 penalty. Depends on which answer we've had from them since they changed hands is the correct answer.

1. You can never pull out - original company answer that I suspect had to do with them selling off that branch of the company for big money just after giving us that answer.

2. You can pull out on the five year anniversary of your mother's death - answer I got from them when I called them.

3. You can pull out at anytime - answer my sister got when she called them.

I'd read the fine print on that one. Annuities tend to be locked and cashing out tends to be an exercise in financial pain. Starting with "surrender charges"

https://www.investopedia.com/terms/s/surrenderfee.asp

LordMortis wrote: ↑Wed May 15, 2024 7:19 pm I'd read the fine print on that one. Annuities tend to be locked and cashing out tends to be an exercise in financial pain. Starting with "surrender charges"

https://www.investopedia.com/terms/s/surrenderfee.asp

Thanks for the heads up. I'm kind of aware of them trying to screw me no matter what I do already. I moved my funds into a money market product that they had just created a fee for removing funds from. Probably because they imagine people are going to run to perceived safety soon which "this" money market fund isn't.

877-CASH-NOW

Isgrimnur wrote: ↑Fri May 17, 2024 2:24 pm 877-CASH-NOW

I did ask J.G. Wentworth awhile back, and they didn't seem interested. I kind of have the idea that when I file the paperwork the dudes at this new company will eventually figure out "somehow" that I can't access my funds. Sort of like the three times over the space of ten years that Comcast absolutely promised they could provide internet to my old business only to be told in the end each time that I'd have to spend $10,000 to get the cable laid. It would probably be $20,000 now.

$8500 for my old business but this was subsidized by signing on to 5 year contract. Six months after we broke down and got stuck with Comcast (be glad you didn't what I nightmare their service was) Fiber became available after years of being told it's not available and there is no ETA on when it will be. Nevermind the fact all of the last mile fiber providers were out digging up the front of the office, laying in Fiber... for someone else... Like the neighboring US Olympic hockey arena or Stardock or they just needed to run the line for something further away and we were on the way.