by Travis Johnson, Stock Gumshoe | September 14, 2017 12:00 pm
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IPOAU does not come up as a symbol.
What am I doing wrong??
Thanks so much for what you do.
I must admit I buy newsletters from Stansberry and have done well.
That said my biggest winners are unquestionably from Stock Gumshoe, by far. Of course the Dr. KSS ideas are phenomenal and ideas on metals by members who I won’t name are also so much appreciated.
Thank you for teaching me the basics.
Doug
Google finance does not come up. But if you go to your broker website, it should. I use Schwab. It came up as Ipoa/u.
I was actually allowed to book an order with Schwab under IPOAU but it was never filled. I then went back and found IPOA/U and that order was filled. Saw Chamath on CNBC Halftime today – very impressive guy.
It’s a new trading symbol today, so many websites won’t have it yet and some brokers might use different variations on the symbol or not have it fully populated for quotes in their systems. I bought it at IPOAU through Fidelity, Ameritrade has it as IPOA.U, Vanguard as IPOA_u — there are probably others.
Thanks Travis, Vanguard wouldn’t accept the order online so I had to call them and it did execute. Thanks again
E-trade it is IPOA.U
My account is with Vanguard and I’too, cannot access the symbol
IPOA/U on Scottrade.
Thanks for all the great info, Travis.
Came up for me on Schwab but didn’t look like a trade until I hit the complete button then all was sweet.
TD thinkorswim it does not find it. Fidelity does. Weird. IPOAU
TOS has it at IPOA/U
On what exchange is the IPO listed?
NYSE
Travis – FYI. I have an account with Ameritrade and the symbol comes up but no purchase was possible because it was not programmed into their system yet. I talked with them and it is now and trades are possible as IPOA.U. Thanks for the heads-up. It does sound promising.
Just curious Travis. Why would “passing on Uber” be considered a mistake by anyone? It’s a (To date) massive cash burning, never close to profitable (IMOH) Ponzi scheme. I’ve been of the belief that Travis K. and Bernie M. were somehow related.
Because he passed on it when it was valued at perhaps $5 or $10 billion (or earlier, I don’t know when he passed), and it’s now valued at about $100 billion. That wasn’t a major focus, he just brought it up as a reason why they tweaked their analysis of other companies to try to take account of genuinely massive disruptive possibilities, as I understood him.
Finally found it at Interactive Brokers as IPOA U.
Never saw a space in a stock symbol before.
I nibbled at Fidelity on a lot at 10.32, hope thats a good entry!
That’s about what I paid… we’ll know whether it’s a good entry within a couple years 🙂
In Canada we refer to these as Capital Pool Companies(CPC) or junior capital pools, My group started 2 of these in the early 2000’s. Both found “targets”, but neither was successful because of a lack of capital and questionable business models In Travis’ SPACs, , staring with $500 million. gives them a better chance at finding a target with cash flow and early growth. I would like to see a Harvard Business study of the past success and failures and the factors leading to both. Then I might invest.
Lots of them fail in the long run, mostly, I think, because they are so motivated to make an acquisition that sometimes they make a poor one. That’s why the redemption ability is key, being able to back out of whatever deal they choose and get most of your capital back… but, of course, that also puts the onus on you to decide whether you think the deal is a good one based on the info they provide.
Pre-deal, these are sort of like a call option on an investment manager’s skill and luck.
I was able to purchase it through Schwab but today I see no market for it. No bid or ask and no volume.
So “hedosophia” is Greek for “the wisdom of pleasure”? Or “the pleasure of wisdom”?
Ah… make sense. Probably the latter 🙂 Sophia = wisdom and Hedo = pleasure
I didn’t hesitate Travis if it’s good for you I’m giving it a try.
On Merrill Edge it’s IPOA’U currently at 10.59/10.60
a day late and a dollar short ;-}
I tried to place a small order, but it seems my account is not eligible for IPOs. Not sure what I am doing, I have to admit. In a learning phase. Apologies for being a newbie. Don’t want to waste anyone’s time.