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re: Coinbase (COIN) IPO Discussion - Happening 4/14

Posted on 4/13/21 at 10:08 pm to
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10405 posts
Posted on 4/13/21 at 10:08 pm to
quote:

Depends on your financial situation. How long can you withstand the potential lunacy?


Buy puts. You should be able to make a killing.
This post was edited on 4/13/21 at 10:53 pm
Posted by SUG
Member since Nov 2015
493 posts
Posted on 4/13/21 at 10:08 pm to
I have some very affordable PHO
Posted by finchmeister08
Member since Mar 2011
35676 posts
Posted on 4/14/21 at 7:50 am to
i'm not seeing COIN on fidelity. anyone else?
Posted by slackster
Houston
Member since Mar 2009
85010 posts
Posted on 4/14/21 at 7:53 am to
quote:

i'm not seeing COIN on fidelity. anyone else?


It won’t be trading until later in the day I’d assume.
Posted by finchmeister08
Member since Mar 2011
35676 posts
Posted on 4/14/21 at 7:54 am to
so it's not going to open with the bell at 9:30?
Posted by slackster
Houston
Member since Mar 2009
85010 posts
Posted on 4/14/21 at 8:02 am to
quote:

so it's not going to open with the bell at 9:30?


Usually it takes a few hours for it to find a good price and begin trading.
Posted by finchmeister08
Member since Mar 2011
35676 posts
Posted on 4/14/21 at 8:02 am to
how does it find a price if it's not "public"?
Posted by slackster
Houston
Member since Mar 2009
85010 posts
Posted on 4/14/21 at 8:10 am to
quote:

how does it find a price if it's not "public"?


I think the direct listing tries to match buyers and sellers over time rather than just a free for all at the open, but now you’ve got me questioning myself.

Eta- Palantir didn’t begin trading until lunch, for example.
This post was edited on 4/14/21 at 8:12 am
Posted by STLhog
Nashville, TN
Member since Jan 2015
17718 posts
Posted on 4/14/21 at 8:12 am to
Exactly. Their fee structure alone is not sustainable or competitive.
Posted by skewbs
Member since Apr 2008
2008 posts
Posted on 4/14/21 at 8:24 am to
quote:

finchmeister08


Look up how direct listings work. Or read Slackster's last two posts.

It won't open to retail investors for several hours after the opening bell. Could even be this afternoon. The price may be significantly higher as well from the reference price (initially I saw that could be $250/share).
Posted by Diseasefreeforall
Member since Oct 2012
5540 posts
Posted on 4/14/21 at 8:33 am to
PLTR didn't start trading until 1:30 ET the day it opened.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31164 posts
Posted on 4/14/21 at 8:38 am to
quote:

Eta- Palantir didn’t begin trading until lunch, for example.


CPNG didn't either. I feel like it's pretty normal for them to start midday and not first thing.
Posted by DWaginHTown
Houston, TX
Member since Jan 2006
9866 posts
Posted on 4/14/21 at 8:50 am to
quote:

The price may be significantly higher as well from the reference price (initially I saw that could be $250/share).


It is showing $250 on etrade
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/14/21 at 8:53 am to
is anyone confidently bullish with this?

This post was edited on 4/14/21 at 8:54 am
Posted by Mathias
Houston
Member since Jun 2008
3131 posts
Posted on 4/14/21 at 8:56 am to
It has not opened for trading yet. That will likely be sometime around noon CT. You will not be able to get it for $250.
Posted by slackster
Houston
Member since Mar 2009
85010 posts
Posted on 4/14/21 at 9:13 am to
quote:

is anyone confidently bullish with this?


Intraday? Yeah, sure.

In 6 months? I have my doubts. Revenue is going to be tough to keep up from the past couple quarters IMO.

Eta- to be fair, I don’t know jack shite about frick all.
This post was edited on 4/14/21 at 9:14 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/14/21 at 9:14 am to
yea I don't think they can maintain their revenue from this Q1
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 4/14/21 at 9:20 am to
quote:

is anyone confidently bullish with this?



no, but the WSB energy is strong with me today and I might buy a few shares and say #YOLO.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/14/21 at 9:23 am to
Come bear market, their numbers will be shite
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31164 posts
Posted on 4/14/21 at 9:30 am to
quote:

Eta- to be fair, I don’t know jack shite about frick all.


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