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11 hours ago, NucksPatsFan said:

Glad I stayed out of VIAC. Another 45m shares on the block tomorrow 

A ViacomCBS block trade that launched on Sunday has priced at $47 per share, Bloomberg reported, after shares were said to be offered at $46-$47. As a result, ViacomCBS Class B shares were back down to $47.1, after rising up 1.5% to $48.94 premarket, They plunged 27% on Friday.

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2 hours ago, nuckin_futz said:

A ViacomCBS block trade that launched on Sunday has priced at $47 per share, Bloomberg reported, after shares were said to be offered at $46-$47. As a result, ViacomCBS Class B shares were back down to $47.1, after rising up 1.5% to $48.94 premarket, They plunged 27% on Friday.

Took a starter at 45 stop loss at 41

  • Hydration 1
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Rumours that Toyota and Tesla are working on reigniting their previous partnership. It is speculated that Tesla would sell their OS and other tech to Toyota to use in their SUVs. Toyota has been vocal in resisting the EV transition in the past year. Though this is a rumour out of Korea, so take it for what it's worth, which at this point isn't much.

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While VIAC and DISCA are still laying in the gutter. I suspect someone is stuck getting squeezed in DISCB (the class B shares of Discovery).

 

Sucks to be them. :lol:

 

 

discovery.jpg

 

image.png.3d5006359b5f5252c52259f8e8ef12f1.png

 

Some assclown bidding 15,600 @$120. Just what you want to see when you're getting squeezed into oblivion. lol

 

Halted @$143.50

Edited by nuckin_futz
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1 hour ago, nuckin_futz said:

While VIAC and DISCA are still laying in the gutter. I suspect someone is stuck getting squeezed in DISCB (the class B shares of Discovery).

 

Sucks to be them. :lol:

 

 

discovery.jpg

 

image.png.3d5006359b5f5252c52259f8e8ef12f1.png

 

Some assclown bidding 15,600 @$120. Just what you want to see when you're getting squeezed into oblivion. lol

 

Halted @$143.50

Someone's doubled their money in the last week lol

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6 hours ago, nuckin_futz said:

Things you Should Know Before Using an Online Casino - The Grueling Truth

I think Viac has some nice upside, I sold this morning for little profit but later on went in after selling Chewy for some very lovely gains.

Been riding TDOC and LITE and it has been decent, also jumped in Coursera this morning at 39, it’s at 46 right now.

Might hold for couple of days while newly minded IPO mania is still high,

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4 hours ago, canuktravella said:

im long term tesla til 2030 have 11 shares  we will see what it grows to  my goals a 100 tesla   but  we will see.  Anyone do penny stocks here?

Depends on your definition of penny stocks. Technically anything priced under $5 is a penny stock.

 

In that case I have been known to flip all sorts of shady garbage.

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Coinbase Will Be First Major Cryptocurrency Company To Go Public

Following a year of massive growth in the value of Bitcoin, cryptocurrency exchange Coinbase Global plans to launch a highly anticipated initial public offering. The company plans to stage the Coinbase IPO April 14.

 

Coinbase is the largest U.S. cryptocurrency exchange. It lists about 50 cryptocurrencies for trading. The company will be the first major crypto company to go public.

 

Bitcoin is the largest digital coin by market value, and has more than doubled in value so far this year. As a result, that helped lift the total value of the cryptocurrency market past $2 trillion, doubling in about two months amid surging institutional demand. Bitcoin accounts for about half of that $2 trillion.

 

Analysts expect the Coinbase IPO to give the cryptocurrency market increased validation.

 
 

Morgan Stanley now allows some of its wealthiest clients to add Bitcoin to their portfolios. In addition, Tesla now accepts Bitcoin as payment for cars. Mastercard (MA) and PayPal (PYPL) are embracing Bitcoin as well.

Coinbase IPO Is A Direct Listing

Coinbase is not doing a traditional IPO. It's going public through a direct listing instead. The current owners of Coinbase stock will convert their shares to make them available for trading. Doing so lets them avoid large fees from investment bankers.

 

Direct listings are rare but have been used by big-name companies such as Spotify Technology (SPOT) and Palantir Technologies (PLTR).

 

The Coinbase IPO will trade on the Nasdaq under the ticker COIN. The company is selling 114.9 million shares directly to the public, according to the Coinbase IPO filing. It plans to reveal a reference price for shares a day before trading begins.

 

Analysts value Coinbase somewhere in the range of $70 billion to $90 billion, though some estimates go as high as $100 billion.

In a voluntary and preliminary first-quarter earnings report issued late Tuesday, the company said it verified 56 million people with Coinbase accounts. That's up from 43 million at the end of December.

First Quarter Tops All Of 2020

Further, Coinbase's first-quarter results surpassed all of 2020. The company reported revenue of $1.8 billion in the quarter, with net income of approximately $730 million to $800 million, according to the filing. Last year, it brought in $1.3 billion in revenue with a profit of $322 million.

 

Trading volume topped $335 billion in the quarter. For all of 2020, trading volume was $193 billion.

 

Total assets on Coinbase's platform increased from $90 billion to $223 billion, a nearly 150% increase.

 

Its full-year outlook presented a range of possibilities, "given the inherent unpredictability of our business," the company said in its report.

 

"To state the obvious, our business is hard to forecast," Coinbase Chief Financial Officer Alesia Haas said after the earnings report. She cited the inability to predict the prices of Bitcoin and other cryptocurrencies.

 

About 96% of Coinbase's revenue comes from transaction fees. It has several lines of business in addition to its exchange services. Among them is Coinbase Commerce, which provides online retailers with software that lets them accept cryptocurrency payments.

 

******************

 

Most anticipated IPO in sometime.

 

Edited by nuckin_futz
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20 hours ago, nuckin_futz said:

 

Most anticipated IPO in sometime.

 

Yeah this one is going to be interesting. I haven't heard what price they are listing at, I have seen anywhere from 70b-100b market cap. They are offering 115M shares so we are looking at anywhere between $600-900 per share. I don't think I am going to chase this one. I could see some money being made in the short term, but over the long term what is stopping other brokerages like questrade from offering lower fees? Coinbase charges like 5% fees, an established bank has the ability to offer half of that and still make tons of money.

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2 hours ago, NucksPatsFan said:

This thread sure quiets down when spac's aren't going off 50% per day :ph34r:

Yeah, it was all I knew.. I had my fun, my fad is over..

 

SPAC's were predictable, nothing is anymore. I have 2000 shares of PSFE and I'm going to ride that for the rest of the year.

  • Hydration 1
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3 hours ago, NucksPatsFan said:

This thread sure quiets down when spac's aren't going off 50% per day :ph34r:

Still lots of interesting things happening on a daily basis.

 

Take TIRX for example -78% on the day on NO NEWS. Not really sure why Nasdaq didn't halt it and ask the company if they had anything they'd like to share with everyone else. Nasdaq seems intent on letting these scams run freely on their exchange and turning it into a casino.

 

 

tirx.jpgtirx2.jpg.f07cf0f9ee76cbfea6b47b58795cbae1.jpg

 

This traded about 2 million shares before it imploded and about $500 million dollars in market cap was incinerated. Really curious why Nasdaq is cool with this?

Edited by nuckin_futz
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24 minutes ago, AriGold said:

Yeah, it was all I knew.. I had my fun, my fad is over..

 

SPAC's were predictable, nothing is anymore. I have 2000 shares of PSFE and I'm going to ride that for the rest of the year.

What are you investing into now? I had a few speculative plays..bag holding a couple but luckily it wasn't a huge part of my portfolio. Have a decent amount in tech stocks that have rebounded nicely (aapl, fb, lspd, sq,msft).

Large chunk in pds (pd.to for tsx) as I like the value and long term play on this...looking for double or triple on it in a few years. The rest in fairly safe dividend yielders

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