Money & Economics
- Thread starter bigredfish
- Start date
Rut Ro... MSM is beginnig to turn on them and ask legitimate real questions.... Team trump doesn't do well with real legitimate questions...
DING! DING! DING!
We have a Winner!
(now where are those idiots that lectured me on why .Gov buying private companies (socilaism) was a GOOD thing?)
We have a Winner!
(now where are those idiots that lectured me on why .Gov buying private companies (socilaism) was a GOOD thing?)
FYI
If you are heavy into the market and using Margin, expect a margin call from your broker soon...
Happy Friday!
If you are heavy into the market and using Margin, expect a margin call from your broker soon...
Happy Friday!
Watch the #SPCX IPO... nobody in their right mind thinks its real.
Here's my assessment of what's going on inside Goldman and Morgan Stanley right about now around the $SPCX IPO.
1) The math isn't mathing for institutional investors to participate at $135/sh in the size they need them to. Research is being heavily pressured by banking to get more aggressive on their estimates/teach-in materials to try to make valuation make sense. It's not working. The biggest brass across the firms are now getting involved - Jamie Dimon & David Solomon are taking meetings - it's all hands on deck.
2) Accordingly, the bookrunners are increasing the % of the deal allocated to retail to 30%. Remember, it's the banks buying the shares from the company and if their largest institutional relationships aren't biting in the size they need them to - they have to find demand somewhere else they're going to be on the hook for the delta between $135/sh and wherever the stock trades multiplied by the number of shares left in inventory. Find the demand - whoever and whatever it takes.
3) Banks are also pressuring the index providers to create forced buying as well across a ton of indices and their associated products. This has worked in some places and hasn't in others (credit to S&P for their backbone here). This will create a large amount of demand but I don't know the math here relative to the float coming public - if anyone has seen smart math here please share.
All and all, this is going to be a fascinating IPO to watch but I have next to zero interest in participating - I suspect I'm in the majority here.
Here's my assessment of what's going on inside Goldman and Morgan Stanley right about now around the $SPCX IPO.
1) The math isn't mathing for institutional investors to participate at $135/sh in the size they need them to. Research is being heavily pressured by banking to get more aggressive on their estimates/teach-in materials to try to make valuation make sense. It's not working. The biggest brass across the firms are now getting involved - Jamie Dimon & David Solomon are taking meetings - it's all hands on deck.
2) Accordingly, the bookrunners are increasing the % of the deal allocated to retail to 30%. Remember, it's the banks buying the shares from the company and if their largest institutional relationships aren't biting in the size they need them to - they have to find demand somewhere else they're going to be on the hook for the delta between $135/sh and wherever the stock trades multiplied by the number of shares left in inventory. Find the demand - whoever and whatever it takes.
3) Banks are also pressuring the index providers to create forced buying as well across a ton of indices and their associated products. This has worked in some places and hasn't in others (credit to S&P for their backbone here). This will create a large amount of demand but I don't know the math here relative to the float coming public - if anyone has seen smart math here please share.
All and all, this is going to be a fascinating IPO to watch but I have next to zero interest in participating - I suspect I'm in the majority here.
Baaadddddd day in the NASDAQ
The Alice in Wonderland AI/Mag7 market running smack dab into the reality wall.
Bloody
The Alice in Wonderland AI/Mag7 market running smack dab into the reality wall.
Bloody
^….and….v
Your tax dollars to subsidize AI. Because the companies pushing it are fucking broke… Congrats bag holders!
Your tax dollars to subsidize AI. Because the companies pushing it are fucking broke… Congrats bag holders!
And just in time for next weeks IPO …. More circle jerk financing 
They think you’re stupid …
They think you’re stupid …
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.Gov bailouts starting before they even ask… gotta keep the pump working until they all IPO and issue new shares …. and then dump.
YOU are the liquidity
YOU are the liquidity