I follow the Motley Fools myself, and agree with most of what they say. Especially their take on debt and investing (first pay off your credit cards), retirement accounts (max them out), and many other things.
I just happen to think that this is one of those rare IPOs that I can see lasting for a while, in a company I understand, and in an industry I understand.
Caveat Emptor!
Will in Seattle P.S.: If you don't speak Latin, you must not be Latin... (apologies to George Whitey Bush)
OK, some is for my son, for each day in the summer he does his homework perfectly (1 share/day), but the rest is for me.
Pikachu, I choose you!
90 million Japanese gameboys can't be wrong.
Will in Seattle
It's idiots like you that almost bled us dry
on
Red Hat IPO Update
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· Score: 1
Seriously, during the Reagan years, the whole coutnry ran up everything on credit. Almost bankrupted the country with useless trinkits for the rich.
Now the current GOP crop wants to "give back" $1 billion, instead of paying off the national debt or funding the programs for all the old fogies.
Sheesh!
Look, try living in another country and you'll NEVER say that we have high taxes. We have one of the lowest tax rates in the world, and you should be darn grateful to pay your taxes.
Cause my son only gets Scottish ancestry on his dad's side.
Will in Seattle
Yeah, but some of us are buying stock
on
Red Hat IPO Update
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· Score: 1
Just not many. 91% will still be held by the initial investors and other shareholders (directors, employees with options, friends who own hat making stores, etc.).
I think you're right on the money. Open at $12, peak above $40, drop to low-20s in a 30-190 day window. Any cash left over from my $150K is going into limits to buy in the low-20s.
Probably won't kick in for a month or so, but still a good investment.
Will in Seattle
Re:When you filled out your app, how many trades?
on
Red Hat IPO Update
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· Score: 1
It was the second page, last question, about options and margin accounts. This is where you determine your risk level, and it is also used to determine your IPO qualification.
think it was something like: 0-9 trades/year, 10-24 trades/year, 25-74 trades/year, 75+ trades/year.
Will in Seattle don't you hate it when there's a trick to filling out the forms...
Except for those of Scottish ancestry
on
Red Hat IPO Update
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· Score: 1
Who (like my family), invest money even when they're not well off, don't spend a lot, make their kids work, and don't wear fancy clothes or do most of the things people think wealthy people should do.
I never fly first class (use my miles for more trips), hate to pay for parking, take the bus, have never bought a watch worth more than $30, only buy clothes on sale, and my only major expense is charitable donations (and some non-tax-exempt political ones).
Which is typical for the majority of millionaires.
Yes, the system is biased in favor of those with wealth. And I don't agree with cutting the estate tax rate, even though it has cost everyone in my family a lot of money, because someone has to pay taxes!
And, in case you wonder, some of us have been very poor in our life as well. Which helps one keep one's moorings. I still have a hard time spending money, unless it's for education.
Will in Seattle P.S.: Read "The Millionaire Next Door"
But if you're using a retirement account (IRA, Roth IRA, 401(k), 403(b), SIMPLE IRA), and can buy/sell individual securities (e.g. stocks), this does not apply. There are no capital gains.
180 days for officers and exercised options of employees. And if you do the IPO and drop more than a small fraction of your shares, they won't let you in on the next IPO.
Most people would be better off, if they can't get IPO shares, to wait for a few days/months until there is a dip. Probably a multiple of the IPO price (e.g. if $12, then figure $20-$30 range), but cheaper than end of first day ($40?).
If you do make a first day offer, make it a round lot (100 share multiple), and market order, as a limit probably won't exercise in time.
Anything other than a market order probably won't work.
Will in Seattle who bought some Salon.com at less than the IPO (9 1/2, IPO was 10, but that was a dutch auction)
I know because the family broker at Morgan Stanley Dean Witter was concerned that we might be lucky to get 100 shares in that account (we're down for up to $100,000 if they can get it) and mentioned the three underwriters, of which is E*Trade is the only one most slashdotters could access.
So, I cut a check for $50,000+ to them a couple of weeks ago. I'll see how much I can get. Might have a chance, as my account size is twice their average and I already trade more than 75 times a year.
Strange as it sounds, I do long-term investments.
Will in Seattle
When you filled out your app, how many trades?
on
Red Hat IPO Update
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· Score: 1
On the application forms, did you (honestly) say you make 75 trades a year? Remember, this form gets copied to the SEC, so there's jail time if you lie about your true risk level;-)
Me, I actually make that many in all the accounts.
Actually, in case you hadn't noticed, the whole world (yes, everyone) has gone metric, except for this rinky-dink country.
I'll bet you think we give 20% of our taxes to International Aid, right? Actually we give 1/10th of one percent - the lowest in the whole world. That's 1/1000th of our taxes.
Wake up and smell the International Coffee Conspiracy!
Will in Seattle yeah, I own Starbucks stock too, just bought it on the dip
Seriously, there's no privacy in the United States. Especially now. Your only hope is to become a citizen of the European Union, which will fight for your rights of free speech, privacy, and unreasonable search and seizure.
If you're an American, you have none of those rights. You think you have them, but you don't.
Me, my whole life was public before I was 10 yo, so it just doesn't matter. You can either rail against the fact you live in a fishbowl filled with barracudas, or like Ben or Casey and enjoy the ride. Or you can go my way and just be notorious.
But the only way you'll get privacy will be when the EU sues the US and we get it by indirection. Until then, forget it.
Will in Seattle who's glad most people can't spell
You meant before George W. Bush was dodging the draft. Al Gore served in Vietnam, George the Shrub used family connections to avoid combat via the Air National Guard, just like that other war wimp, Dan Quayle.
And since I, my father, and my grandfather (ok, further back than that) have all served in the military and not tried to avoid combat, I think I know whereof I speak.
Will in Seattle which OS would you use for a destroyer?
Some of us have been on the Net longer than that
on
EDA: Unix vs. NT
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· Score: 1
Heck, I used it before the 90s, back when 110 baud modems were standard and 300 baud was fast. And they were just developing 1200 baud.
Of course, I was a child prodigy... nah, ok, but we do live for more than 100 years in my family...
Sheesh, only in America would the "logical choice" be a gun.
And, in case you wondered, I've fired more automatic weapons than you ever will. And I still think it's a stupid choice - handguns are easy to use against the owner, but pepper spray will let you run and take him down so he can't.
Slashdot Mirror
I follow the Motley Fools myself, and agree with most of what they say. Especially their take on debt and investing (first pay off your credit cards), retirement accounts (max them out), and many other things.
... (apologies to George Whitey Bush)
I just happen to think that this is one of those rare IPOs that I can see lasting for a while, in a company I understand, and in an industry I understand.
Caveat Emptor!
Will in Seattle
P.S.: If you don't speak Latin, you must not be Latin
OK, some is for my son, for each day in the summer he does his homework perfectly (1 share/day), but the rest is for me.
Pikachu, I choose you!
90 million Japanese gameboys can't be wrong.
Will in Seattle
Seriously, during the Reagan years, the whole coutnry ran up everything on credit. Almost bankrupted the country with useless trinkits for the rich.
Now the current GOP crop wants to "give back" $1 billion, instead of paying off the national debt or funding the programs for all the old fogies.
Sheesh!
Look, try living in another country and you'll NEVER say that we have high taxes. We have one of the lowest tax rates in the world, and you should be darn grateful to pay your taxes.
Will in Seattle
Cause my son only gets Scottish ancestry on his dad's side.
Will in Seattle
Just not many. 91% will still be held by the initial investors and other shareholders (directors, employees with options, friends who own hat making stores, etc.).
Will in Seattle
I think you're right on the money. Open at $12, peak above $40, drop to low-20s in a 30-190 day window. Any cash left over from my $150K is going into limits to buy in the low-20s.
Probably won't kick in for a month or so, but still a good investment.
Will in Seattle
It was the second page, last question, about options and margin accounts. This is where you determine your risk level, and it is also used to determine your IPO qualification.
...
think it was something like: 0-9 trades/year, 10-24 trades/year, 25-74 trades/year, 75+ trades/year.
Will in Seattle
don't you hate it when there's a trick to filling out the forms
Who (like my family), invest money even when they're not well off, don't spend a lot, make their kids work, and don't wear fancy clothes or do most of the things people think wealthy people should do.
I never fly first class (use my miles for more trips), hate to pay for parking, take the bus, have never bought a watch worth more than $30, only buy clothes on sale, and my only major expense is charitable donations (and some non-tax-exempt political ones).
Which is typical for the majority of millionaires.
Yes, the system is biased in favor of those with wealth. And I don't agree with cutting the estate tax rate, even though it has cost everyone in my family a lot of money, because someone has to pay taxes!
And, in case you wonder, some of us have been very poor in our life as well. Which helps one keep one's moorings. I still have a hard time spending money, unless it's for education.
Will in Seattle
P.S.: Read "The Millionaire Next Door"
But if you're using a retirement account (IRA, Roth IRA, 401(k), 403(b), SIMPLE IRA), and can buy/sell individual securities (e.g. stocks), this does not apply. There are no capital gains.
Will in Seattle
180 days for officers and exercised options of employees. And if you do the IPO and drop more than a small fraction of your shares, they won't let you in on the next IPO.
Most people would be better off, if they can't get IPO shares, to wait for a few days/months until there is a dip. Probably a multiple of the IPO price (e.g. if $12, then figure $20-$30 range), but cheaper than end of first day ($40?).
If you do make a first day offer, make it a round lot (100 share multiple), and market order, as a limit probably won't exercise in time.
Anything other than a market order probably won't work.
Will in Seattle
who bought some Salon.com at less than the IPO (9 1/2, IPO was 10, but that was a dutch auction)
I know because the family broker at Morgan Stanley Dean Witter was concerned that we might be lucky to get 100 shares in that account (we're down for up to $100,000 if they can get it) and mentioned the three underwriters, of which is E*Trade is the only one most slashdotters could access.
So, I cut a check for $50,000+ to them a couple of weeks ago. I'll see how much I can get. Might have a chance, as my account size is twice their average and I already trade more than 75 times a year.
Strange as it sounds, I do long-term investments.
Will in Seattle
On the application forms, did you (honestly) say you make 75 trades a year? Remember, this form gets copied to the SEC, so there's jail time if you lie about your true risk level ;-)
Me, I actually make that many in all the accounts.
Will in Seattle
Kind of like LA Law, but the DC version
Actually, in case you hadn't noticed, the whole world (yes, everyone) has gone metric, except for this rinky-dink country.
I'll bet you think we give 20% of our taxes to International Aid, right? Actually we give 1/10th of one percent - the lowest in the whole world. That's 1/1000th of our taxes.
Wake up and smell the International Coffee Conspiracy!
Will in Seattle
yeah, I own Starbucks stock too, just bought it on the dip
What do they arm the bears with? Pasta?
Will in Seattle
leave your guns in Redmond
After I find an artist I like, I buy the CD. Depends on where it's cheapest, but I buy it.
So that makes me legit, I guess.
And you?
Will in Seattle
Seriously, there's no privacy in the United States. Especially now. Your only hope is to become a citizen of the European Union, which will fight for your rights of free speech, privacy, and unreasonable search and seizure.
If you're an American, you have none of those rights. You think you have them, but you don't.
Me, my whole life was public before I was 10 yo, so it just doesn't matter. You can either rail against the fact you live in a fishbowl filled with barracudas, or like Ben or Casey and enjoy the ride. Or you can go my way and just be notorious.
But the only way you'll get privacy will be when the EU sues the US and we get it by indirection. Until then, forget it.
Will in Seattle
who's glad most people can't spell
Oh, pardon me, but you forgot that the largest music-listening audience is teens.
Without cash.
They're the ones who are using MP3, not Joe Six-Pak. They're the ones the RIAA can't convince to buy CDs.
And they like the PRICE of MP3.
Will in Seattle
Check out the latest issue of Seattle Weekly for their article on privacy.
http://www.seattleweekly.com/
Will in Seattle
A mind is a terrible thing to waste.
;-)
You meant before George W. Bush was dodging the draft. Al Gore served in Vietnam, George the Shrub used family connections to avoid combat via the Air National Guard, just like that other war wimp, Dan Quayle.
And since I, my father, and my grandfather (ok, further back than that) have all served in the military and not tried to avoid combat, I think I know whereof I speak.
Will in Seattle
which OS would you use for a destroyer?
Heck, I used it before the 90s, back when 110 baud modems were standard and 300 baud was fast. And they were just developing 1200 baud.
... nah, ok, but we do live for more than 100 years in my family ...
Of course, I was a child prodigy
Will in Seattle
Oh, honey ... [ZAP] ...
... hmm, maybe if one is into S&M this might be considered a "feature", no?
A fool and his gun are soon parted. ....ed.
I went to see South Park and only
;-)
Sheesh, only in America would the "logical choice" be a gun.
And, in case you wondered, I've fired more automatic weapons than you ever will. And I still think it's a stupid choice - handguns are easy to use against the owner, but pepper spray will let you run and take him down so he can't.
Duh.
Will in Seattle
sheesh