SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (85631)9/16/2020 4:55:06 PM
From: Elroy1 Recommendation

Recommended By
Return to Sender

  Read Replies (3) | Respond to of 95456
 
Software for cloud computing sounds like an awesome spot to invest, though.

Way better than "Zoom home video conferencing" if you ask me. Snowflake employees spend years and years building a great product and company, and a huge chunk of today's share price profits go to people who invested in Snowflake in the past 24 hours rather than to the company's balance sheet. That sucks.

The price pop indicates a major problem with the IPO process. I don't see why all IPO's don't use a Dutch auction, similar to what Google did when it IPOed years ago.



To: Return to Sender who wrote (85631)9/17/2020 12:07:12 PM
From: Robert O1 Recommendation

Recommended By
Return to Sender

  Read Replies (1) | Respond to of 95456
 
OT: Cloud software company SNOW


Agreed overhyped and concerning- ipo canary come out of mine looking like the incredible Hulk. Knowing effectively unavailable, I nonetheless tried to short shares of Snow yesterday (just to see) as it was so obviously overhyped and with the increased IPO price seemed to me a slam dunk play. Would have been but of course as investors know the retail guys can't realistically ever short new issues. Just like we always hear no shares available before any hot IPO to the small fries- only goes to preferred institutional and super high net worth types who give a lot of biz (pronounced fees) to firms. All quite annoying actually.

(ps I know underwriters themselves have to wait 30 days before offering for shorting (and lock up times for some holders) but retail should have no such restriction, there's just not enough avail shares. Etrade users get message: shares cannot be borrowed at this time.)