Boiler Room: The Official Stock Market Discussion

[Serious]

A Cathie Wood ETF bought about 800,000 shares in a Serena Williams-backed SPAC that just entered a $1.6 billion deal

• Cathie Wood's ARK Robotics fund bought about 800,000 shares in a SPAC backed by Serena Williams.
• The SPAC, called Jaws Spitfire, recently entered a $1.6 billion merger with a 3D printing company.
• Wood's flagship Innovation ETF is currently sitting on a 8% year-to-date loss.

 

[humminbird]

SOFI is doing the pre-IPO thing too
it seems like that's going to be the new feature
I wonder what the ramifications are for this
it says you can't sell the IPO stock within 30 days if you do you get a 180-day penalty and a $50 charge on your trade

 

[old pig]

Right. I bought 150 shares of IPOE past two days in between tears

Them shyts all green now tho

 

[mr. smoke weed]

PLAY over 50

 

[Deafheaven]

Im foolin b

 

[Deafheaven]

SOFI is doing the pre-IPO thing too
it seems like that's going to be the new feature
I wonder what the ramifications are for this
it says you can't sell the IPO stock within 30 days if you do you get a 180-day penalty and a $50 charge on your trade

What? So I cant sell this shyt on say 4/7 without being dinged?

 

[humminbird]

What? So I cant sell this shyt on say 4/7 without being dinged?

basically yeah

Members are able to sell securities obtained during an IPO whenever they would like. SoFi does not restrict the sale of securities on the secondary market. However, if a members sells within the first 30 calendar days post-IPO, that member will be limited in their ability to participate in future IPOs through SoFi for a defined period of time as outlined below:

Members that have obtained shares/units of an IPO through SoFi and sell within the first 30 days post-IPO are considered “flippers” and may be prevented from participating in future IPOs for 180 days upon a first violation, 365 days upon a second violation, and permanently in the event of a third violation.

In addition, SoFi may charge a $50 fee for the sale of securities obtained through the IPO process if the sale takes place within the first 120 days post-IPO. This fee will step down to $5 for each subsequent sale that takes place within the 120 day window.

 

[Deafheaven]

basically yeah

Oh I meant I couldnt sell my shares of IPOE on 4/7.

Im not using them as a broker

 

[humminbird]

Oh I meant I couldnt sell my shares of IPOE on 4/7.

Im not using them as a broker

oh this was about Pre-IPO stocks, not the IPOE stock
you could sell whenever you want

 

[Mirin4rmfar]

Crazy looking at c3.ai, snow, lmnd and all those that ran up something crazy...damn lol.

 

[dora_da_destroyer]

SNOW would've been a pretty nice swing, buy yesterday at 206 and sell today at 228.

 

[FaTaL]

If you like nio, wait because their slowing production due to lack of chips.

 

[Serious]

Cathie done made it:
Cathie Wood is watching innovations coming out of China. The ARK CEO lays out the 3 disruptive companies and 5 trends on her radar right now.

Spoiler

upload photos online

Multiple business insider articles in a single day.

 

[winb83]

What? So I cant sell this shyt on say 4/7 without being dinged?

Most people that get in on IPO prices are locked into the stock for a period. Don't see the issue.

 

[FaTaL]

Cathie done made it:
Cathie Wood is watching innovations coming out of China. The ARK CEO lays out the 3 disruptive companies and 5 trends on her radar right now.

Spoiler

upload photos online

Multiple business insider articles in a single day.

Can u trust China though?