They go to the MOON! jk. If I'm getting your question, the answer is : nothing really happens. If you buy before the close of business on the 28th (I believe it's the 28th), you'll just buy X shares at the $400-$500 price it's at now. If you buy after the close of business on the 28th (which would be the 31st and after since the 29th and 30th are weekends) , you'll be buying 4x shares at 1/4th the price for the same amount of $ (theoretically). If the 24th date is confusing you, ignore it. It's meaningless for the average equities trader. It's the record date. If you were worried about a dividend payout, then the dividend's record date has meaning. In terms of stock splits, just ignore it. As a matter of fact unless you're a daytrader, you probably don't care whether you buy before or after the spit since there's really no change in the quantity you'll end up paying, but that's another story.
that was 2+ wks ago, after Trump had announced that he wants to ban TikTok from operating in the US. that added uncertainty contributed heavily to the 33% drop in FSLY stock price. Trump wanted MSFT to buy TikTok, which was founded by a Chinese national who used to work for MSFT. word is that MSFT is negotiating w TikTok. since then Oracle and Twitter have expressed their interest in buying TikTok, while they may not have enough financing to do so. MSFT has enough cash to buy TikTok without any borrowing. today, FSLy popped 11% on ~ 3 x normal trading volume; MSFT was up 2+%. from this, one can infer that the uncertainty has been lifted, a deal is imminent, no ?
Yeah, that's what I was trying to say -- one of the only reasons it tanked to begin with was the fact they derive so much of their income from 1 app/company. The fact Trump somewhat extended the deadline also helps FSLY at least temporarily. My only question is, how does this affect the revenue in terms of ByteDance? Their deal is with ByteDance which is now prohibited. I don't know how how it carries over if someone else takes it over or if the revenue becomes smaller or something. There was also some doubt in analysts' minds earlier whether Microsoft would take over some of the duties FSLY does on their own platform(s) like Azure. These are the only doubts I could find at the time. Anytime one company is over 10% of your revenue, there's always going to be some uncertainty, I suppose. ORCL makes no sense whatsoever to me other than the fact Larry Ellison is a big Trump supporter. Twitter really makes no sense to me, either, since they seem to be a small fish for a deal like this. Then they'd have to maintain it afterwards. MSFT makes sense since they have the capacity to take on something of this size, as well as the technical know-how, and infrastructure. Whether or not they run it into the ground is another story, however. I just hope there's no future backlash on any of the US stocks with huge China exposure that I own like AAPL or NKE or Chinese companies trading in the US that I own like BABA. lol.
SHAK I don't own, but yeah, SBUX I've owned for years, so that's another one. I also own MRVL, but a lot of telecom stocks have heavy exposure to China. Lots of ways this could all backfire quickly, I guess.
Given that it is 2020 and natural disasters are extra this year, I took a small bet in BLDR because they sell lumber for commercial and residential construction.
Speaking of which, lumber prices have been going through the roof. A lot of related stocks have screamed up thanks to the homebuilding boom caused by the urban-to-suburban/rural exodus this year, too. HD, MAS, FBHS, DOOR, ROCK, LL (was a $5 stock in March... now $25), etc.
Adyen founders complete sale of approximately 15% of their holdings. Amsterdam, 23 August 2019 Adyen N.V. (“Adyen” or “Company”) [Euronext: ADYEN], announces that it has been informed that founders Pieter van der Does (CEO) and Arnout Schuijff (CTO) have completed the sale of 497,041 Adyen shares, corresponding to approximately 15% of their holdings in Adyen N.V., at a price per share equal to €622, resulting in gross proceeds of approximately €309 million. The sale was carried out through an accelerated bookbuild offering to institutional investors and is expected to settle on 27 August 2019. The reason for the sale was to diversify their portfolios and reduce single stock risk. Both Pieter and Arnout remain committed to Adyen in their current roles working on the long term strategy. This sale in no way reflects a change in their views on the company. Pieter and Arnout will be subject to a lock-up commitment on their remaining Adyen shares for a period of 180 days from the closing of the placement. J.P. Morgan and Goldman Sachs acted as Joint Bookrunners for the placement. https://www.adyen.com/investor-relations/news/founders-complete-sell-15-percent-holdings Down over 5% today
Yeah, I definitely don't own that, so I'm not worried. lol. Even if they go after Tesla, I'm trying to wrap my mind around whether that would be worse than them going after GM or Ford, for example. GM isn't a sexy stock, but they sell a ton of vehicles and pull in a ton of money from China -- I think they sell millions of vehicles per year there. At one point, they were selling more vehicles in China than they were in the US. I think Tesla sold something like 10,000 vehicles there last month. But then GM is intertwined in relationships with other manufacturers there, so I don't know if China would slap them, either -- not sure. Apple would be a huge target, as well, because of their sales, but they also help employ a lot of citizens there, from what I've read. I kinda hope Apple springs a "hey, we're making electric vehicles now, too" announcement in the next year or two. lol.
If anyone's interested or wants some light reading : The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them
nvda continues to be one fire, as evidenced by the 2 bullish put spreads----spanning a spread of over 40 points--- that've worked out. during the last 8 trading days, NVDA popped > 64 points on Aug 14 3 days later
attn: MSFT holders, this was reported on after the Market closed on Friday. Microsoft is signing "cloud-infrastructure" deals similar to JEDI with foreign governments: report Anticipating a win in its contentious bid for a $10 billion government contract in the U.S., Microsoft Corp. is signing similar deals with foreign governments for cloud-infrastructure services, according to a report by CNBC late Friday. Microsoft declined comment on the report, and Amazon was not immediately available for comment. The U.S. Defense Department contract, called Joint Enterprise Defense Infrastructure (JEDI), provides cloud-based computing and storage resources. It was awarded to Microsoft in October but Amazon.com Inc. the other finalist for the contract, appealed the decision. In April, a federal judge gave the Pentagon permission to reevaluate bids from Microsoft and Amazon. The Pentagon expects to complete the review by Sept. 16, a day after the deadline for MSFT and TikTok to finalize negotiation https://www.marketwatch.com/story/m...n-governments-report-2020-08-21?siteid=yhoof2 this catalyst, coupled w the ongoing TikTok development, may catapult MSFT to a new high this week
That would be tough, but I guess anything's possible. Many people value TikTok at possibly $30+ billion, and that's what Twitter's worth. Twitter's got something like $8 billion cash but $3 billion in debt. TikTok probably will be sold at a discount, but at that much of a discount? Maybe stock will be involved, too, but damn, being sold to Twitter scares me. They've already got their hands full with governments watching them and trying to figure out what's real and what's not on their platform. That, and I'm afraid they'd screw something up. Of course, I'm afraid MSFT would, too.
What is everyone's play on RKT? Seems like they are forming a cup and handle, and ready to explode. Thoughts?
potential spin-off to unlock shareholder value GM to spinoff its EV operation L Brand to spinoff its Victoria Secret operation
The reason GM jumped in price a bit a week or so ago was because of the spin-off rumors. People have been asking about them spinning off their electric/battery division for a while now, and those rumors have been heating up this past week. GM, of course, is keeping silent/ambiguous when it comes to responses, but there's a huge push for electric thanks to China. The new Cadillac Lyriq's dash is pretty sweet. I'm starting to like what I'm seeing in terms of interiors on some of these electric cars with what Mercedes and Cadillac are doing. Not to mention the other startup companies popping up via IPO/SPAC routes right and left like Li Auto, XPeng, Canoo, etc.
