As of writing this one, Zomato IPO Update as of 5:00 PM on Day 3 - final day Qualified Institutional Buyers (QIBs) subscribed 51.79 times Non Institutional Investors subscribed 32.96 times Retail Individual Investors (RIIs) subscribed 7.45 times Employee Reserved subscribed 0.62 times Total subscribed 38.25 times Source: BSE What got me curious is that the employees had not subscribed as expected. Why wouldn't you subscribe to your own companies IPO, Wouldn't you want to be the owner of the company that you are an employee? Hmmm are the employees stupid? They probably know something else. Wait am I stupid for writing this after the IPO ended( I Probably am. I should deal with my self-consciousness. Well let me dwell upon that on my own time.)? For any rational basic investor; Lets see the basic data. Just looking on the above would have wanted me to try for this IPO. (My worthless MBA Finance grad alter ego kicks in. He would probably write next...
Before going in depth read what is meant my a short squeeze? A Short Squeeze: A short squeeze is a rapid increase in the price of a stock owing primarily to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions. 1. What is Gamestop/GME? Gamestop is a retailer that sells video games. Not online, in physical form. Which has been a problem, because people are increasingly buying games online. Gamestop, listed as ticker GME in the US, has recently lost $275 million in the past 12 months, on revenues of $5 billion. Gamestop was a loss making business, it has been gaining interest because Ryan Cohen, the founder of Chewy, Inc (a pet food retailer that’s incredibly successful) has bought nearly 13% of the company, wants it to go bigger online, and has recently been added to their board of directors. This would be good, b...
Last article was about a loss of $45 Billion dollars.This article talks about how Sam Bankman- Fried, hereafter referred as SBF, lost about $31 Billion dollars. I actually don't know how I will structure this article so, please pace this read as you go. The Beginning of a SAGAPTHAM (Not the movie of vijaykanth's son ra): To have a deep understanding to you need to know the following concept, arbitrage. I kind of explained it over in my previous article. ( Shameless Plug: https://pranavh.blogspot.com/2022/07/how-45-billion-was-wiped-out-in-crypto.html ). 1. How SBF made his money: He made money using the concept. The man above is SBF. Arbitrage: Consider that you are buying a kilo of rice for a price X, at a friendly store next to your home. You find out that, you can sell a the rice a few blocks away for 2X. Your irrational rational mind tells you that you have an opportunity to buy the rice here and sell it a few blocks away, for 2X. This concept of taking advantage of the pr...
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