Discussion ***Official*** 2021 Stock Market Thread

[FelixDeCat]

Market is much stronger than I thought it would be.

 

[FelixDeCat]

The tradition of "Merger Monday" continues....



Microsoft in talks to buy Nuance Communications for around $16 billion

Microsoft in talks to buy Nuance Communications for around $16 billion: reports

If successful, the acquisition would be Microsoft's second-largest ever, behind 2016's $24 billion purchase of LinkedIn.

www.marketwatch.com

Not much of a premium over Fridays closing market cap of $13 billion. Expect the usual parade of lawyers looking for handouts.

 

[jpiniero]

The tradition of "Merger Monday" continues....

Microsoft in talks to buy Nuance Communications for around $16 billion

Microsoft in talks to buy Nuance Communications for around $16 billion: reports

If successful, the acquisition would be Microsoft's second-largest ever, behind 2016's $24 billion purchase of LinkedIn.

www.marketwatch.com

Not much of a premium over Fridays closing market cap of $13 billion. Expect the usual parade of lawyers looking for handouts.

https://finance.yahoo.com/news/microsoft-buys-nuance-19-7-123951225.html

Bloomberg says the deal is now official, says it's valued at 19.7 billion. Interestingly it's all cash.

 

[Train]

Interestingly it's all cash.

MSFT, like all the tech giants, is sitting on a ridiculous amount of cash. Makes sense to use it instead of dishing out more stock.

 

[PlanetJosh]

So since some posters here are doing well, or just in general are in good shape partly or mostly because of your stock market investments, or you own a business, you may already be paying taxes quarterly or estimated taxes (on Form 1040-ES.) Don't forget your estimated taxes are still due April 15 in CA and probably several other US states. So check your state's rules.

The main taxes are delayed until May but not necessarily the estimated taxes. And of course you don't necessarily have to be doing well financially to owe ES taxes.

 

[ponyo]

So since some posters here are doing well, or just in general are in good shape partly or mostly because of your stock market investments, or you own a business, you may already be paying taxes quarterly or estimated taxes (on Form 1040-ES.) Don't forget your estimated taxes are still due April 15 in CA and probably several other US states. So check your state's rules.

The main taxes are delayed until May but not necessarily the estimated taxes. And of course you don't necessarily have to be doing well financially to owe ES taxes.

Thanks for the heads up. I thought the estimate taxes moved to May 17 as well but I just checked and Q1 estimate taxes are due this Thursday, April 15th.

 

[PlanetJosh]

Thanks for the heads up. I thought the estimate taxes moved to May 17 as well but I just checked and Q1 estimate taxes are due this Thursday, April 15th.

Yeah I found out about it on some tv news show. Btw did you retire from the business you were in? Wondered if you were in its management or part owner or still are. And if it went public or stayed private.

 

[FelixDeCat]

CoinBase IPO tomorrow. It will obviously go up, hard to say how much though. I suspect another Roblox style offering - big, with slow lumbering movements because of the size of the offering.

Longer term I am not sure what makes CoinBase so unique in that one day every broker may allow trading in crypto currency.

TD Ameritrade and Etrade stock is no longer publicly owned, but Charles Schwab is and has a $125 Billion valuation. And Schwab now owns TD Ameritrade.

 

[ultimatebob]

CoinBase IPO tomorrow. It will obviously go up, hard to say how much though. I suspect another Roblox style offering - big, with slow lumbering movements because of the size of the offering.

Longer term I am not sure what makes CoinBase so unique in that one day every broker may allow trading in crypto currency.

TD Ameritrade and Etrade stock is no longer publicly owned, but Charles Schwab is and has a $125 Billion valuation. And Schwab now owns TD Ameritrade.

I would like to see more legit competition for Coinbase. Their transaction fees are atrocious.

 

[ponyo]

Yeah I found out about it on some tv news show. Btw did you retire from the business you were in? Wondered if you were in its management or part owner or still are. And if it went public or stayed private.

yes, i'm retired. I was part owner of private small business.

 

[PlanetJosh]

^ Cool. I'm also retired but as I casually mentioned a couple months ago I retired on an inheritance. Didn't earn it like most do.

 

[ponyo]

I'm very interested in buying Coinbase IPO. Got my initial order in to buy at $340 and $250. Media is indicating possible $340 open and I'm willing to buy some at that price.

edit: media is now reporting $350 as possible opening price. So I bumped my initial buy order to $350.

 

[PlanetJosh]

I'm ready to buy some COIN when it opens this morning, over $10k at first. Don't really want to say how much over $10k I'll invest. There's so much hype with experts on tv saying they will buy it. Makes me think it's sure thing to make money today.

But I'll be checking it by the minute in case of a big sell off. Problem is how to tell if it's a huge sell off or just a small temporary downturn in the day. You figure that out on a consistent basis and you'll be posting to the forum from your own tropical island.

Edit: Ok the downturn in the Nasdaq right now down over 60 points, will that drag down the price of COIN after it opens today? Maybe hold off on buying COIN until tomorrow?

 

[ponyo]

This guy thinks Coinbase is massively overpriced and fair value is around $71 /share.

https://www.tradersinsight.news/tra...-coinbases-valuation-remains-ridiculous/?=TWS

I obviously disagree which is why I want to buy shares of Coinbase. I moved my initial bid up to $365 since the opening bids are indicated higher.

 

[ponyo]

Coinbase indicating keeps rising. Currently indicating $374 so I put my opening bid at $375.

 

[PlanetJosh]

I'm guessing they're not going to launch the Coinbase IPO during their lunch break. So maybe it'll start some time after 1pm est. The waiting is getting on my nerves.

 

[ponyo]

10 minutes until launch. Scheduled to open at 1 pm. And Coinbase offering price keeps going up. Now $380 and climbing. Raised my bid to $380 to keep up. Got a feeling I'm going to have to bid $400 to have a chance at the opening price. I had $400 as my upper limit price for my initial buy. I was hoping for lower price closer to $300.

 

[ponyo]

damn it. Coinbase is about to open and Costco delivery just pulled up to deliver my TV. ugh.

 

[ponyo]

COIN opened at $381. I bought in at $381 at the open. I had my limit buy order at $383.

 

[PlanetJosh]

JP Morgan brokerage says no market buys allowed at this time for Coinbase. It says I need to place a limit order. Dang and now it's up to over $420. Sorry I'm a noob on limit orders.

Update: Ok I set a limit price of $430 and my brokerage said it's on the wrong side of the market and may not go through. So I didn't go ahead with it. ... 2nd Update: Now I'm getting the hang of this. I set the buy limit to $405 and it will accept the trade if I hit the button. But I won't yet. The stock is dropping from that high of over $420 to around $400 and it's giving me the jitters.

3rd Update: Now it's dropping to around $388. Is that normal for this kind of IPO? Still haven't bought yet.

 

[Roger Wilco]

I'm contemplating getting some COIN as well. Currently $350 and still dropping.

 

[ponyo]

Well I didn't expect COIN to fall so low but that's the market for you. I did buy more shares in the 350 and 315 range to average down. Still underwater but not concerned. I like the company's prospect going forward.

 

[repoman0]

Coinbase is a terrible company from a user perspective. No customer service combined with exorbitant fees is certainly an interesting model. Can’t wait for mainstream brokerages to start offering BTC and Ethereum. Tastyworks already does, I added that capability to my accounts the other day, but not sure they count as mainstream ... fees are also 1% BUT capped at $10 per transaction. Fidelity, Vanguard, TD etc need to get on board and leave Coinbase to the shitcoin trading scraps.

 

[FelixDeCat]

Coinbase is a terrible company from a user perspective. No customer service combined with exorbitant fees is certainly an interesting model. Can’t wait for mainstream brokerages to start offering BTC and Ethereum. Tastyworks already does, I added that capability to my accounts the other day, but not sure they count as mainstream ... fees are also 1% BUT capped at $10 per transaction. Fidelity, Vanguard, TD etc need to get on board and leave Coinbase to the shitcoin trading scraps.

That too was my first thought about COIN and it still my come to fruition, in that other brokers can simply start allowing crypto trading in future at a lower cost. I kind of wonder if it will ever be free to trade crypto like it is with stocks. Stock options trades are not free and will likely never be.

I was listening to an early investor in COIN on CNBC and he said even if other brokers started to compete with them that COIN has other services that allows them to be a bank paying interest on holdings, crypto "mining as a service", a custodian of holdings and so on. He thinks there is still lots of room to grow over time as they continue to innovate and said he did not sell one share today. He also said COIN is very profitable and did not need to raise money in the stock market, thus the direct listing vs. IPO.

I did not buy any shares but I will keep my eye on it.

 

[Svnla]

Lately, investing is becoming more and more like "black or red" at the casino in Las Vegas. No more business fundamentals or analysis.