NakedPuts Wrote: ------------------------------------------------------- > On a related note, does anybody like my “I hate > to sound like a huge jerk…” but then I go on to > say the jerky thing anyway? Apparently I didn’t > hate it too badly. It’s like the old “No offense, > but…”. You can’t lose. i thought that was golden.
No offense NakedPuts, but you’re a dick. Look at that! It works!
It’s a matter of personal taste. I just like assets better than liabilites.
buying IPO=speculation+bigger fool?
wanderingcfa Wrote: ------------------------------------------------------- > numi Wrote: > -------------------------------------------------- > ----- > > wanderingcfa Wrote: > > > -------------------------------------------------- > > > ----- > > > He knows the symbol and what price he wants > to > > buy > > > it at. What more can you ask of him. > > > > you missed the point. he wants to know why he > > can’t buy shares of visa right now. obviously > it’s > > because the IPO hadn’t priced yet, and shares > > still don’t trade on the exchange till > tomorrow. > > I was being sarcastic. Geez…maybe he was trying to do a “when-issued” trade. Sometimes you can get people in the mall to give you something at the sale price when the sale happens tomorrow.
barthezz Wrote: ------------------------------------------------------- > NakedPuts Wrote: > “blindingly obvious information” - just my 2 > cents… > > marketwatch.com - does not have updated > information > reuters.com - v.n and v are unknown symbols > yahoo.com - nothing > http://www.hoovers.com/visa-inc/--ID__40515,period > __A–/free-co-fin-income.xhtml - useless > > yes, indeed I should have tried 10-k in google > rather than visa income statement. anyhow, I thank > you for your valuable input. Don’t worry about most of the stuff you read on this board. Most of it is blabla … Only few here actually work in finance, and much less in research.
As opposed to you, Mo34, a professional financial researcher who comes to read the swag of a bunch of amateur losers?
Fidelity has IPO shares available for clients that have $500k in assets and at least 36 trades over a 12 month period… What happened to equal allocation!!!
Before you speculate on the IPO remember the words of Seth Klarman, “Investors even remotely tempted to buy new issues must ask themselves how they could possibly fare well when a savvy issuer and greedy underwriter are on the opposite side of every underwriting. Indeed, how attractive could any security underwriting ever be when the issuer and underwriter have superior information as well as control over the timing, pricing, and stock or bond allocation? The deck is almost always stacked against the buyers.”
I prefer the words of Aunt Jemima, “Flip 'em like pancakes but don’t forget the syrup”
Anyone putting money into Visa wouldn’t be buying a value play, obviously… No doubt that performance will have to be stellar/near flawless to make money long term, and litigation concerns will need to be resolved. I think I read that $3b of proceeds from the IPO will be put in escrow for litigation expenses… Short term, if someone were able to get IPO shares, why not take them? As a trade, it appears highly likely due to publicity etc, that it will open higher than 44…
virginCFAhooker Wrote: ------------------------------------------------------- > As opposed to you, Mo34, a professional financial > researcher who comes to read the swag of a bunch > of amateur losers? Actually I’m just a clown trying to break into finance with L1. I just don’t like the arrogance displayed by some of the people here with no real credentials to back that up. Passing 3 tests that thousands of people passed before you and thousands more will pass after you does not qualify you to respond to “naive” questions with such arrogance.
Sure it does. You can respond however you want on AF regardless of credential. If it’s inappropriate, you’ll get flamed.
JoeyDVivre Wrote: ------------------------------------------------------- > Sure it does. You can respond however you want on > AF regardless of credential. If it’s > inappropriate, you’ll get flamed. Sure anyone can post whatever. But when someone writes: “what makes you think your analysis will be worth the paper it’s printed on?” Just wondering what he’s credentials are to make this statment. Did he actualy print something worth the paper it’s printed on before?
Credentials are irelevant here. The bloke either a) couldn’t work google well enough to find the report or b) was too lazy to work google to find it. That info alone doesn’t exactly commend his research skills…
I’m just asking a question. People need to realize their own limitations. I’ll freely admit my analysis of V might not be worth much, but that’s due more to reasons like those VCFAH posted above. I have, however, come up with many trades worth well more than the computer they were created on.
I dunno, buying google and vmware at the IPO worked out pretty well… That being said, V is a much more mature company different situation.
No but this makes a lot of sense. If you figure the analysts are now going to come out with excessively exorbitant EPS guesses while we are applying multiples of 25 to 30 times when they are unwarranted, then we’re pricing V way over. That’s why so much of this is pure guess work. Willy