Anonymous ID: 283c91 May 10, 2019, 6:46 a.m. No.6461902   🗄️.is 🔗kun   >>2120

SoftBank Group shares tumble as Uber prices IPO at lower end

 

TOKYO (Reuters) - Shares in Japanese conglomerate SoftBank Group Corp tumbled 5.5% on Friday, a day after one of its biggest tech bets, Uber Technologies, priced its initial public offering at the low end of the targeted range.

 

A successful market debut of Uber will be seen as a test of SoftBank’s investment strategy, as other big tech firms in its almost $100 billion Vision Fund also head toward public listings.

 

Uber’s listing is the most anticipated IPO since Facebook Inc’s market debut seven years ago, and the world’s largest ride-hailing firm hopes its conservative pricing approach will spare it the trading plunge suffered by rival Lyft Inc.

 

“(SoftBank) shares have gone up ahead of Uber’s IPO, but some investors may have sold shares once the price was decided,” said Tsutomu Yamada, a market analyst at Kabu.com Securities.

 

The value of Vision Fund’s stake in Uber grew 418 billion yen ($3.8 billion) last year.

 

Shares in SoftBank tumbled as much as 5.5% on Friday, its biggest percentage drop in five months, wiping $6 billion off its market capitalization. The group is now valued at around $104 billion.

 

SoftBank’s transition away from telecoms toward tech investments accelerated with the 2.35 trillion yen listing of a third of its domestic telco SoftBank Corp in December in what was Japan’s largest-ever IPO.

 

That provided the funds for a share buyback that has helped drive up the parent group’s stock by nearly 50 percent this year.

 

Pledging to enhance shareholder returns, SoftBank Group announced a stock split on Thursday, while leaving the per-share dividend unchanged for the current financial year, effectively doubling its shareholder payout.

 

https://www.reuters.com/article/us-softbank-group-stocks/softbank-group-shares-tumble-as-uber-prices-ipo-at-lower-end-idUSKCN1SG0SI

Anonymous ID: 283c91 May 10, 2019, 6:58 a.m. No.6461976   🗄️.is 🔗kun

Monster Beverage Co. "fresh" share sale

 

Cap#1 is filed last night, cap #2 is recent.

 

https://www.secform4.com/insider-trading/865752.htm

Anonymous ID: 283c91 May 10, 2019, 7:08 a.m. No.6462031   🗄️.is 🔗kun

>>6462019

>"On this day in 1869, the presidents of the Union Pacific and Central Pacific railroads meet in Promontory, Utah, and drive a ceremonial last spike into a rail line that connects their railroads"

https://www.history.com/this-day-in-history/transcontinental-railroad-completed

Anonymous ID: 283c91 May 10, 2019, 7:14 a.m. No.6462064   🗄️.is 🔗kun

>>6462029

>>6461945

and the SP500 Index bottomed intraday at

-666.

 

Obama called stock market bottom in 2009

n the midst of the Great Recession, the president basically called the exact point where stocks bottomed out. It's a difficult prediction for any investment professional to make correctly, let alone a president.

 

"What you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," President Obama said.

 

That was at a press conference on March 3, 2009.

 

The stock market hit its low point less than a week later on March 9, 2009.

https://money.cnn.com/2015/03/09/investing/president-obama-stocks-market-march/

 

'''and then we got "green shoots" bullshit

Anonymous ID: 283c91 May 10, 2019, 7:36 a.m. No.6462206   🗄️.is 🔗kun

>>6462145

Yep know the selfie story. will drop that in nightshift. See who can do that-not a skill, just saved that one. memefag can get busayy on that.

got enough panels to make in any case.

o7

Anonymous ID: 283c91 May 10, 2019, 8:07 a.m. No.6462381   🗄️.is 🔗kun

Mkts drop and so do Yield's on Gov Debt-Tick Tock

 

Still early however mkts at LOD along with the Yield's on gov't debt-cap#3, possibly the start of the decouple from equity market's?-only time will tell. Either way it's not a good sign as usually the routine is to flock to gov debt as equity market's drop. That is not habbening on the scale it usually does. See circled area cap#1, that weak long's selling and the system tempting retail to short it moar-they may even be doing it themselves. Not beyond them. Volumes still low. Oil still a congested trade..not doing much-although some slightly larger volume bars on the sell side just appearing now, see cap#4.

 

https://finance.yahoo.com/quote/%5EDJI?p=^DJI

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

https://www.dailyfx.com/crude-oil

What Is Short Selling?

 

Short selling is an investment or trading strategy that bets on a decline in a security's price. An investor or trader seller opens a position by borrowing shares of a stock or other asset, and then selling them. Before he has to deliver to his buyer, he expects the shares to drop and to be able to purchase them at a lower cost, thus keeping the difference as a profit.

 

Short selling may be prompted by speculation, or by the desire to hedge the downside risk of a long position in the same security or a related one. Since the risk of loss on a short sale is theoretically unlimited, short selling should only be done by experienced traders who are familiar with the risks. Short selling stocks requires a margin account and usually incurs interest charges based on the value of the stock that is held short.

https://www.investopedia.com/terms/s/shortselling.asp

 

What is Short Covering?

 

Short covering refers to buying back borrowed securities in order to close open short positions at a profit or loss. It requires the purchase of the same security that was initially sold short, since the process involved borrowing the security and selling it in the market. For example, a trader sells short 100 shares of XYZ at $20, based on the opinion those shares will head lower. When XYZ declines to $15, the trader buys back XYZ to cover the short position, booking a $500 profit from the sale. This process is also known as “buy to cover.”

https://www.investopedia.com/terms/s/shortcovering.asp

https://www.dailyfx.com/crude-oil

Anonymous ID: 283c91 May 10, 2019, 8:21 a.m. No.6462456   🗄️.is 🔗kun

>>6462444

trips confirmed on that. That an old, tired strategy. pepe watching it, they can do whatever they want to it imo. Prop it for a few day's or not. All about the "right" people profiting. Usually not us.