No trade for Uber yet and it's going on 2 hours!

[mobeau69]

Looks like first trade may be below IPO price!

[democratisphere]

1. Want to talk about a bad investment.

This is the worst.

[mobeau69]

2. Watching on CNBC. It's a train wreck!

Historically embarrasing. The CEO is standing on the floor but looks like he wants leave and go have a strong one!

[democratisphere]

10. THIS is what happens when Uber doesn't pay their contract drivers enough

to even cover their expenses. It is a f'ed up model that will never work.

[mobeau69]

3. The floor sounds like they're all at a funeral!

You could hear a pin drop!

[mobeau69]

4. The ask just dropped below the IPO price.

[RandySF]

5. I won't buy any company that's losing money.

[mobeau69]

6. They're gonna pull it in a minute.

Red Don must be holding all of IPO shares.

[A HERETIC I AM]

7. I am going to bookmark this thread......

Last edited Fri May 10, 2019, 02:08 PM - Edit history (1)

and have a look at it in 12 months and compare it to the stock price at that time.

I remember with amusement the threads about Facebook when it went public, but I didn't bookmark any of them.

Many people were gleeful that FB shares fell in the first weeks of trading, condemning the brand and suggesting the stock was a loser and always would be.

Of course, if you have bought a few hundred shares when FB was trading at $13/share, (edit to say, I remembered that wrong...it got down to around $18/share) you would be sitting on a nice tidy profit right now.

The point is, don't count this company out. Amazon lost money hand over fist for years and now it is (or at least very likely will be) the largest retailer in the world.

[mobeau69]

8. OK, have fun, but everything I posted was true and

I never predicted bkr.

[A HERETIC I AM]

9. "Everything I posted was true"

LOL...OK, sure. You posted that "The CEO is standing on the floor but looks like he wants leave and go have a strong one!"

Is that 'true'? Or just an observation?

You said "They're gonna pull it in a minute. Red Don must be holding all of IPO shares."

By "pull it" did you mean halt trading? You posted that at 11:40, 2 hours ago. And yet here we are, at 1:50 PM and the shares are trading at ninety cents below the offer and over 135 million shares have traded. And do you actually think "Red Don" (I assume you mean Trumpy) is holding ALL of the shares at the outset? Or are you just trying to be cute?

So...yeah...everything you said was "true" except that you could very well be completely wrong in your assessment.

I just find these types of threads amusing, that's all. You have no more of an idea what Uber will be trading at on Monday or next week or next month any more than I or anyone else does.

If you think it's funny that they are trading below their IPO price point 4 hours into their first day on the board, so be it, but you must not be any kind of student of IPO's if you think 4 hours of trading is a trend.

If you think the firm has a crap business model and is a losing proposition, then carry on. But again, you have absolutely no idea whether this firm is a good investment for the long term, any more than anyone does.

Edited to add the following gifs and smileys;



And as to your overall sentiment;

[mobeau69]

11. :-)

...everything you said was "true" except that you could very well be completely wrong in your assessment.

Yes, it was true but I made no assessment of the success or failure of the business.


I had CNN on in the background and the floor started to get quieter and quieter. After about an hour and a half it sounded like a funeral in a library. I watch CNBC a lot and I've never seen anything like that. I confess, I did think it was kind of funny. Woe is me.

You're really making a mountain out of a mole hill.

I think this is funny too:
https://www.businessinsider.com/graffiti-artist-painted-facebooks-first-office-now-worth-200-million-2015-6

[A HERETIC I AM]

12. ...