"StingrayJake" (stingrayjake)
10/21/2015 at 11:13 • Filed to: Ferrari
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"StingrayJake" (stingrayjake)
10/21/2015 at 11:13 • Filed to: Ferrari | 0
| 11 |
Buying into the shiny new Ferrari IPO (NYSE: RACE) at the opening bell probably wasn’t a good idea... at least for now.
The IPO was valued at $52/share late last night and opened at $60 this morning as the buy-at-any-price brokers went nuts in the first minutes.
The stock quickly plummeted and normalized after that, which could spell early losses for those brave souls who blinked first.
Unlike the cars, the Ferrari IPO hasn’t been seen as a good investment by many going into today. Launching in the midst of a big auto slump (thanks to the VW diesel snafu) probably didn’t help matters much.
Yet we all know that Ferrari is as profitable as ever. And that’s what investors really want.
Would I buy Ferrari stock as an investment? No. Would I buy it for the novelty and maybe get lucky down the road? I’d consider it. If only I had $58 laying around.
Disclaimer: I know very little about stocks. Do not take this as investing advice.
Supreme Chancellor and Glorious Leader SaveTheIntegras
> StingrayJake
10/21/2015 at 11:17 |
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If E Trade hadnt fucked me this morning, i would’ve bought when they were at 52 (around 10am). It’s slowly starting to climb again
Ash78, voting early and often
> StingrayJake
10/21/2015 at 11:18 |
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Cue the “$58?! I could buy the new Assassin’s Creed for that price!” comments...
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Supreme Chancellor and Glorious Leader SaveTheIntegras
> Ash78, voting early and often
10/21/2015 at 11:19 |
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I could’ve nearly pre order Battlefront!!
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StingrayJake
> Ash78, voting early and often
10/21/2015 at 11:19 |
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I have gift cards so that I can get the new Battlefront. This is my life.
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StingrayJake
> Supreme Chancellor and Glorious Leader SaveTheIntegras
10/21/2015 at 11:21 |
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Yeah looks like a bunch of folks went the get-rich-quick route after it peaked. It’ll probably make reasonable gains now that those folks are out.
SidewaysOnDirt still misses Bowie
> StingrayJake
10/21/2015 at 11:23 |
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Called it.
davesaddiction @ opposite-lock.com
> StingrayJake
10/21/2015 at 11:27 |
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The disclaimer on my post (2 mins after yours...)
The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation, needs, or existing money-pit project cars. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. If any products are detailed on this website, you should obtain a Product Disclosure Statement relating to the products and consider its contents before making any decisions. Where quoted, past performance is not indicative of future performance, especially as it pertains to lap times.
OPPO Financial Services Pty Ltd disclaim all and any guarantees, undertakings and warranties (OEM or extended), expressed or implied, and shall not be liable for any loss or damage whatsoever (including human, computer, or driver error, negligent or otherwise, or incidental or consequential loss, damage or rust) arising out of or in connection with any use or reliance on the information or advice on this site. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice, but you’ll probably have more fun if you just buy cars instead of stocks.
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StingrayJake
> davesaddiction @ opposite-lock.com
10/21/2015 at 11:30 |
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Lawyers are already disecting every sentence of that.
Mattbob
> Ash78, voting early and often
10/21/2015 at 11:33 |
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Halo 5 brah.
BoxerFanatic, troublesome iconoclast.
> StingrayJake
10/21/2015 at 12:08 |
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President of the Exchange: Margin call, gentlemen.
Mortimer Duke: Why you can’t expect us to...
President of the Exchange: You know the rules. All accounts to be settled at the end of the day’s trading, without exception.
Randolph Duke: You know perfectly well that we don’t have 394 million dollars in cash!!!
President of the Exchange: I’m sorry, boys. - Put the Duke Brothers’ seats on the exchange up for sale at once. Seize all assets of Duke & Duke Commodity Brokers, as well as all personal holdings of Randolph and Mortimer Duke.
Randolph Duke: [gasp]We’re ruined![/gasp]
Mortimer Duke: This is an outrage! I demand an investigation! You can’t sell our seats. A Duke has been sitting on this exchange since it was founded. We founded this exchange. It’s ours! It belongs to us!
President of the Exchange: [ Randolph Duke has just collapsed with shock ] Mortimer, your brother is not well. We better call an ambulance.
Mortimer Duke: [F#ç&] him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on! [ shouts - it echoes pathetically throughout the trading hall ] Turn those machines back on!!!
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StingrayJake
> BoxerFanatic, troublesome iconoclast.
10/21/2015 at 12:18 |
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The orange market is a cut throat place.