You think the government should force the private equity firm owning Krispy Kreme to sell their initial shares to retail?
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You think the government should force the private equity firm owning Krispy Kreme to sell their initial shares to retail?
No, of course not.. Etrade advertised about members getting to get in on IPO's.. I don't know who they allowed to have this, but I was never allowed IPO pricing.. had to wait until available on market..Quote:
Originally Posted by Guisslapp
No, but I do want a fair, level playing field. Either remove ALL laws, like insider trading, which got Martha Stewart in trouble, or have laws that allow everyone the same shot. In this case DNUT is selling to big HFs at discounts and allowing them to establish strong positions giving them a HUGE advantage over millions of average retail investors and smaller investment firms. Why not have DNUT trading on the open market when the bell rang this morning? Is it because the big hedgies are afraid the price would shoot skyward and they would have to compete in a fair market? Ah...yes it is. It's part of the overall problem with the market: naked shorting, synthetic shares, dark pools...need to de-empower the HFs.Quote:
Originally Posted by Guisslapp
Because DNUT’s owners didn’t want to do that.Quote:
Originally Posted by dawg80
DNUT's owners probably don't want to pay taxes either, should they be given a pass?Quote:
Originally Posted by Guisslapp
You think the government should tell them who they can sell shares to?Quote:
Originally Posted by dawg80
DNUT trading now on the open market. The HFs bought in at an average price of 15.50. Retail investors and small investment firms should boycott the shares and Krispy Kreme stores and drive the stock price down to close to $0. Send a powerful message that the BS has to stop. The Ape Army can take up this challenge too.
This was brought up before her nomination. Yellen agreed to recuse herself for one year from being involved in anything related to Citadel dating back to her last paid speaking engagement with them in October 2020. Don't believe she is abiding by her promise, so ethics proceedings are in order and any waiver she has received should be revoked.Quote:
Originally Posted by dawg80
It is ludicrous that the basic market strategy of "buy and hold" is being treated as "market manipulation" now that those really guilty of market manipulation are losing their shirts because their games have been exposed.
Exactly, you get it. And as usual Goosey is off in la-la land. No, I don't want the "government" controlling how private entities conduct their business, but the problem is the "government" has chosen sides and IS controlling how business is being conducted in the stock market. That's the issue. The SEC is a government agency and has failed to create and maintain a level playing field.Quote:
Originally Posted by FriscoDawg
Market pull back today...is this just a hiccup or are we seeing the beginnings of a correction? No one knows for sure...not even the so-called experts...but that shouldn't stop people from having opinions and making a good guess. Certainly no one has been deterred to express opinions on this forum (BB&B) before!
I think some kind of correction will happen. The economy's fundamentals simply don't support the inflated valuations of the stock market (in general). The lingering effects of the China virus shutdown and the very, very, very weak so-called leadership from the WH and Congress are contributing to a sluggish recovery. Unemployment remains too high...not that there aren't jobs available...higher taxes and a general adverse attitude toward "business" have drug the economy down. Too many companies (stocks) are over-valued and I think some kind of correction will occur.
Just as an example, look at Kraft-Heinze (KHC), a solid "blue chip" company/stock with a long history trading at close to $40/share. Yet, it has a mere .44/share earnings and thus a high PE ratio of 90. It cannot sustain this valuation. There are hundreds of such examples.
Not offering investing advice, just striking up a conversation...
Today’s sell off is most likely driven by the 10 year Treasury yield. Now, whether that is being driven by fundamental or technical reasons (or a combination of both, maybe more likely) is the question. Did bond investor’s overestimate inflation? Overestimate growth? Underestimate how dovish the Fed will continue to be?
A significant part of the move today is likely people selling equities at record levels to pay for being out of position on their bond durations.
Have seen commentary on over-estimating inflation, but other than how that affects bond-holders one would think it would inspire equities' investors to pour money into stocks.
I am moving toward a conservative, divie-paying, BORING! portfolio as quickly as possible. But first I have to liquidate positions in 8 speculative stocks I am currently upside down on. Several are close but the others....whew! will have to hold them for awhile to get back into the green, or on advice of my CPA dump them for the tax benefit.
BORING is good sometimes, and this is one of those times!
Bond yields go down when people buy more bonds. Of course, we have the Fed buying Treasuries at a high clip and internationals buying US Treasuries because the delta COVID variant is causing a growth scare and a flight to their local bonds, which creates a more attractive premium for US Treasuries.Quote:
Originally Posted by dawg80
People that were short the 10 year because they expected the yields to go up are caught on the wrong side and they have to sell equities to get out of their short positions.
Also, the fact that Treasury yields are slipping itself can cause Algos to sell stocks…
Quote:
Originally Posted by Guisslapp
Sounds like the voice of experience....