I have absolutely NO FEARS that NVDA, AVGO, ARM, AMD & TSM will be higher in 3-months than they are today. Other than TSM, which I only started dabbling in recently, I have owned NVDA & AVGO for YEARS — NVDA close to a decade! SMILE.
I bought into ARM, within weeks of the IPO, close to the IPO price. I, alas, did NOT get an IPO allocation though I tried.
I decided to DIVERSIFY a few months ago by buying some AMD. Yes, that is how I diversify. I buy MORE Semi stock — just new companies (to I) like ARM, AMD & TSM.
I know semiconductor stock. I understand the SEMI business. I only invests in things I understand (& usually use).
Oh, I am NOT all in Semis. I own more AMZN than anything else. Smile.
I am BULLISH on these stocks. I was a BELIEVER in ARM from DAY ONE. Bought ARM as soon as the price got to around $51, i.e., the IPO price. So, IF I hot the $100 — & I most likely will continue to ROLL FORWARD as is my wont — I would have doubled my investment. SMILE.
I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF.
I say that as someone who has owned NVDA for a very long time & AVGO, off and on, for nearly as long. I currently also own AVGO.
For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.
In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.
I had a fairly good hunch that the markets would take a much needed breather after the Fed decision on Wednesday. They did, both Wednesday afternoon & today — exactly as I had expected & hoped.
I had been keeping an eye on ARM given that I did NOT get an IPO price share allocation.
I also had a hunch that ARM would drop below (or get close to) its $51 IPO price this week — IF there was a market downturn.
There was a market downturn & ARM did fall into the $51/$52 range.
I traded some AMZN options & used the proceeds to buy some ARM.
I want to build up a decent position in ARM.
I have known ARM for a long time.
I have had a LOT of success with NVDA & AVGO over the years. I think ARM will serve me well too.
I had to TRY (at least). IF I didn’t then I have even less of a chance.
Yes, I know that it will be HUGELY oversubscribed. Not even sure whether ‘Fidelity‘ will even get a large enough allocation they can sell to customers RATHER than holding onto for their own investments, mutual funds & ETFs.
But, I was told I could BID. So, I did. Didn’t ask for many. The minimum lot size. That also might disqualify me. They like those that ask for LARGE allocations — in the tens of thousands.
PLUS, I am a NOBODY as far as Fidelity is concerned. Some POOR schmuck. Yes, the allocations go to their RICH CLIENTS & I am a billion miles (& dollars) away from that group.
But, I will live in hope. YES, I will, on the day of the IPO, CHECK to see if I got my allocation. SMILE.
Fidelity has ONLY ONCE given me an IPO allocation. That was during the GRIM Financial Crisis of 2008. They gave me 200 shares of ‘Visa‘ (V) at the IPO price. {I just looked it up. It was $44.} I made 5x on that. SMILE. Yes, buy & hold.
Given that I was in high-tech, I have had a couple of other IPO allocations — via ‘Friends & Family’. That was a longtime ago.
As ever I could be dead wrong. C’est la vie. But, from what I can see both FANG titans Amazon & Apple disappointed. Those shares were down, big time, in ‘After Hours‘ trading. I am sure that will spill over to tomorrow. (Well, I am OK. SMILE. I kind of banked (& that really is the right word) on this. Remember, I am an option trader. Huge price swings is what folks like us dream of.)
AMZN & AAPL can — & should — drag all the markets down, at least for a few hours. (Yes, there could be a dull, bounce late in the day as we head for the weekend.)
IF the Volvo IPO goes live in the U.S., Friday morning, as planned, its IPO price could drop below the initial asking. So, we could see it below $6. Just speculating. I will, when I get back from my 2-hour daily morning amble, have a look. It is unlikely that it will stay below $6 come 2022. But, make up your own mind.
This has been talked about for months. Well, it looks like it has finally come to pass.
The ‘primary’ IPO will take place in Sweden, with U.S. availability slated, on the NASDAQ, this Friday.
Based on the latest data, the U.S. stock price is anticipated to be in the U.S. $6.20 range.
That I have to say is rather attractive & compelling. Less than half the price of a Ford (F) share.
Volvo is trying. They are being very aggressive about electrifying their range. They have had two good years.
I don’t see the stock doubling in a year, or doing a TSLA, but I suspect that it will STEADILY appreciate over the next few years. In the $6 range it is inexpensive enough. Worth a nibble. I might have to end up getting a few. SMILE. The price is right.
I just wanted to make sure you knew of the IPO. OK?
I already did a post on the NOW apparent irregularity of this IPO yesterday.
This, however, is a whole new twist. The Chinese authorities are saying DIDI new that the restrictions were coming. It was NOT sprung on them, from left-field, after the IPO. That is HUGE.
DIDI should have disclosed this!
There are mechanisms for such, even at the 11th hour.
They have done wrong. Not sure if the underwriters can also be held liable.
But, if U.S. investors start losing money, as of tomorrow, a class-action lawsuit will be in the books by the end of the week. MARK MY WORDS.
This is NOT right, or kosher, by any measure. There is a very real potential that a lot of U.S. investors could end up losing a lot of money.
NO, I did not buy DIDI. Just did NOT have a good feeling about them. I have seen too many recent IPOs tank after the first few days of exuberant euphoria. I was going to wait & see what happens. I told a few people, by e-mail, that I was going to wait until it dropped to the $13 range (i.e., below the IPO price). Instead of buying DIDI, I did, however, buy a few shares of ‘XMTR‘ which IPOed on the same day. It hasn’t done great as yet, but I like its ‘story’ — i.e., it locates spare manufacturing capacity for those looking for manufacturing sources.
But, back to DIDI.
This looks like a clever (but nasty) trick by the Chinese to hurt American investors & cock a snook at President Biden. The U.S. must react. You can’t let them get away with it.
Their timing also couldn’t have been accidental. They did it on July 4th. That alone is significant. But, to make it worse, July 5 is a holiday in the U.S. with the stock markets closed. So, investors in other countries, including China, can react to the news while U.S. investors fret.
Not nice. Not good. China is getting more & more brazen.
