Trading the stockmarket (NO Referrals)

Spleen Sauce · 14 Apr 2021 at 17:18

$374 now. I’m out. It’s ridiculously overvalued as it is and this price will end up being bonkers.

Minusorange · 14 Apr 2021 at 17:24

413x said:
Not sure. I feel like argo if I'm 60 percent in crypto buying those stocks is basically buying crypto

I'd say it's probably safer than Argo, CB makes their money from all the trading fees so it's always going to be profitable regardless if crypto goes up or down, they still get the same money on each tx while Argo is largely reliant on bull season continuing

Spleen Sauce · 14 Apr 2021 at 17:28

To be honest I tend to enjoy the hyped IPO launches, mainly to pick up more of my regular shares that the memestockers end up selling to jump on the bandwagon (therefore dipping the share price nicely for a day or two)

englishpremier · 14 Apr 2021 at 17:32

Spleen Sauce said:
$374 now. I’m out. It’s ridiculously overvalued as it is and this price will end up being bonkers.

Predicted valuation is $100bn so $374 is below that. But yeah 100x earnings is high.

Could go either way.

If I get in it will be ride the initial hype and hope I'm not holding the bag once it drops.

Minusorange said:
I'd say it's probably safer than Argo, CB makes their money from all the trading fees so it's always going to be profitable regardless if crypto goes up or down, they still get the same money on each tx while Argo is largely reliant on bull season continuing

Similar to Voyager Digital which is up a couple of thousand percent.

413x · 14 Apr 2021 at 17:43

Minusorange said:
I'd say it's probably safer than Argo, CB makes their money from all the trading fees so it's always going to be profitable regardless if crypto goes up or down, they still get the same money on each tx while Argo is largely reliant on bull season continuing

Agreed.
Because I have no knowledge of how ipos are priced (who does) I stay away. Its a complete gamble. I'd like in really as I do think crypto will be around in some form a long time.

Minusorange · 14 Apr 2021 at 17:58

413x said:
Agreed.
Because I have no knowledge of how ipos are priced (who does) I stay away. Its a complete gamble. I'd like in really as I do think crypto will be around in some form a long time.

If T212 allow fractional purchases for CB then I'll probably add it to my pie, long term it should do well

413x · 14 Apr 2021 at 18:02

Minusorange said:
If T212 allow fractional purchases for CB then I'll probably add it to my pie, long term it should do well

How much per share?

Russinating · 14 Apr 2021 at 18:17

Nice 3.75p dividend per share from Sylvania Platinum today (3.15% yield).

Minusorange · 14 Apr 2021 at 18:18

413x said:
How much per share?

If I knew I'd be on my private yacht instead of the forums

I like the stock longterm as crypto is still in its infancy despite being over a decade old it can only really grow

neviditelny · 14 Apr 2021 at 18:23

I'm thinking about selling my shares in Argo and invest them elsewhere as Argo have only gone down since I did buy in. But not sure where to invest them instead. Thinking of either going for Lloyds or Scottish Mortgage Investment Trust instead.

413x · 14 Apr 2021 at 18:26

Argo are down?
I'd have thought they would follow crypto market cap roughly?

englishpremier · 14 Apr 2021 at 18:30

Well after crapping on IPOs I ended up with 4 COIN at $381. Will be likely get out if there is a big bump.

413x said:
Argo are down?
I'd have thought they would follow crypto market cap roughly?

Argo has better margins, and profits than US listed rivals such as Riot. It's small cap though and seems unloved as I've complained. I plan to get out when I can and stick to bigger players.

inferno · 14 Apr 2021 at 18:52

413x said:
Argo are down?
I'd have thought they would follow crypto market cap roughly?

Compare their gains to BTC, they went up too much!

ivrytwr3 · 14 Apr 2021 at 20:35

englishpremier said:
Well after crapping on IPOs I ended up with 4 COIN at $381. Will be likely get out if there is a big bump.

And it took a big dump

englishpremier · 14 Apr 2021 at 20:49

ivrytwr3 said:
And it took a big dump

As IPOs tend to.

I sold two at $420, I've kept another two. Guess I'll see what happens. Hopefully it will do a ********* and have rise a few days after the IPO, before it's big dump.

Tone1979 · 15 Apr 2021 at 09:27

mid_gen said:
Crypto forum is that way ->

I'm done with trading for a bit now and am just going to leave it for a while. Happy I made some good trades in the Q1 dip....now to ride for a while.

Yeah sorry about that!

413x · 15 Apr 2021 at 14:34

Yeah ipos are just too risky. And seem recently to be over priced. Kind of tempted by deliveroo.

But still really waiting on oatley

englishpremier · 15 Apr 2021 at 15:27

413x said:
Yeah ipos are just too risky. And seem recently to be over priced. Kind of tempted by deliveroo.

But still really waiting on oatley

The latest Deliveroo headline is: "Deliveroo shares fall as it gives cautious guidance in first update since IPO flop" That's despite orders more than doubling during lockdown.

413x · 15 Apr 2021 at 15:34

englishpremier said:
The latest Deliveroo headline is: "Deliveroo shares fall as it gives cautious guidance in first update since IPO flop" That's despite orders more than doubling during lockdown.

I never really fully understand how markets move on news. I know there are all. Sorts of metrics. And a big one is future growth. Like tesla has so much priced in that a competitor can easily disrupt it.
But yeah. So many factors it's a mine field

Trig · 15 Apr 2021 at 15:34

Have any IPO's actually gotten anywhere recently?