Stock market debut for company. An introduction, not an IPO. Stock up 5,000% first day of trading, falls back 82% after hours.
And the business at reAlpha?
Think through this business model for a little bit. So they’re to be hosts on AirBnb and Vacasa. We’d all tend to think that’s a market that’s possibly topping out. There’s also a significant payment due to the platforms from any rental income. They’re then going to bring in investors to part own the properties themselves, fractional ownership of the housing asset. The magic sprinkling is that they’re to use AI somewhere in this process.
So, effectively, they’re timeshare salesmen of AirBnbs. With the added AI, of course.
Mmmmm, just taste the ways this can go wrong.
I’m always surprised how much they cost. Like I just compared staying on the outskirts of Glasgow with a Premier Inn and it was a couple of quid difference. Like, a Premier Inn isn’t the George V but it’s a good, reliable room. You know what you’re going to get.
As far as the share price is concerned, isn’t the important thing here the volume traded? Market “prices” are, by definition, deals that haven’t happened. A price movement like this would usually indicate that buyers are bidding up the stock without shaking out any sellers. It’s technically possible for this to happen without a single trade. The after hours movement would seem to indicate that maybe some profit takers were encouraged which removed the top bids. That could even be profit taker in the singular.
One has to remember that in reality, there’s no such thing as a “market”. It’s all just individuals taking individual decisions. The market is the process of them doing so. So without knowing the volumes it’s impossible to know what’s been going on.
BiS wins the internet. Trade: 694
That’s not 694k, that’s 694. And premarket trades this morning. One particularly daring trade of 8, most are 1.
OT, but LOL:
It starts slowly at first. A food bank crops up inside your local mosque. You notice more sleeping bags on the walk to work. Over time, the signs seem to grow. A donation bin appears in Tesco for families who can’t afford soap or toothpaste. Terms such as “bed poverty” emerge in the news because we now need vocabulary to describe children who are so poor that they have to sleep on the floor
–Frances Ryan in today’s Guardian.
Any of you blokes noticed food banks cropping up in “your local mosque”?
No surprise, Tim. As a market trader, one doesn’t ask price, one asks price & size. I’ve had the size come back as 200 shares. A minute proportion of the total share issuance. And the only position the market maker had on his book was in the single direction.
It’s in understanding what the spread is. It’s the top bid & lowest offer. By definition, neither being satisfied. One of them might not even exist. Just the market maker trying to get some action.
If you could bottle the chutzpah you could sell it for millions.
@WB – Premier Inn: two members of my family are great fans. They say the staff are pretty good too.
We use them for overspill when too many family members want to stay with us at the same time.
Steve,
“You notice more sleeping bags on the walk to work. Over time, the signs seem to grow. A donation bin appears in Tesco for families who can’t afford soap or toothpaste. Terms such as “bed poverty” emerge in the news because we now need vocabulary to describe children who are so poor that they have to sleep on the floor”
https://www.youtube.com/watch?v=Zqm1IE_5b7o Five children. FIVE.
https://www.youtube.com/watch?v=hkw33M3Nfn0 Not skipping that many meals
https://www.mylondon.news/news/south-london-news/desperate-croydon-mums-skipping-meals-25375387 Nor this one
https://www.youtube.com/watch?v=qjbI3zinlIE Smart watch, espresso machine
I don’t mean to sound callous, but I presume the media are searching for the most sympathetic cases, yes?
WB – ‘Desperate’ Croydon mums are skipping meals so they can feed their kids
That explains all the desperately thin black women you see in London. Have they tried Xeeting Marcus Rashford MBE to see what he plans to do about this? Mibbe get David Lammy to set up a National Food Service for our most productive members of society?
Anyway, I don’t care.
I don’t mean to sound callous
Idk if callous is the word I’d go for.
Remember that BLM lady in London, who was allowed to write the most violently racist stuff imaginable on Twitter without worrying about the Met showing up at her door? The one who was calling for white people to be enslaved, while the press and MPs called her an “anti-racism activist”?
Before her fellow oppressed minorities shot her in the face at a party, I mean. Idk if she has a Stephen Hawking setup now or what, maybe she can still call for the destruction of white people via a robot voice.
Well, I care about this stuff about as much as I care about the fate of Sasha Johnson.
NOMFUP, innit.
The sign on the local mosque that I walked past today said they love everyone, Steve.
However the huge pro-Palestinian demonstrations suggest that the project to Moslemify Oz is well on the way to completion.
Bboy – It’s a peaceful religion, that’s what people are always nervously insisting.
@WB
“Smart watch, espresso machine”‘
Couldn’t help noticing, watching a bit of that one, she’s also buying products that are “gluten free”. Looking at the rest of what she’s got in the larder, she’s obviously got no coeliacs in the house. My ex was coeliac. There was literally nothing in our house contained gluten. That’s how you have to live. The merest trace could put her in hospital or at least give her a very bad time..
Other than those with coeliac disease, gluten free’s just a food fad. Bloody expensive food fad as well. How many other bloody expensive food fads does the woman have?
Otherwise: The first to vids were comments disabled. I’ll bet they were!
@Tim
“One particularly daring trade of 8, most are 1.”
Looking at it now, the largest trade was 47. But the price moves that make the larger trades are telling the story. Not something I’d particularly want to be long on at the wrong price.
Other than those with coeliac disease, gluten free’s just a food fad. Bloody expensive food fad as well. How many other bloody expensive food fads does the woman have?
Its not just that, its seriously damaging to the health.
I wouldn’t have thought absence of gluten’s health damaging, BiND. S. America seems to have survived. So do people where rice is the staple. But food fads generally? They do where it avoids eating things contain necessary vitamins & minerals. Like salt free.
Further to @bloke in spain – October 24, 2023 at 2:12 pm
I also noticed that apart from the gluten-free stuff, the “reduced products” that she “always buys” come from Waitrose… From experience “reduced” from Waitrose is still far more expensive than “normal” at Aldi or Lidl – but they’re only for oiks I suppose.
bis,
I’m only going by what the Italian Dr who discovered the problem said on the Freakonomics podcast. He was very scathing about those who go gluten free as a fashion, but did acknowledge it meant more choice for coeliac disease.
@BiND
Oh I would think greater market penetration of gluten free has been great for coeliacs. When I was with the ex it was basically some horrible white sliced bread & some biscuits equivalent to bottom of the range Fine Fare. If you wanted anything better it cost a fortune or you made it for yourself. We did a lot of that. Greater market penetration = economy of scale. But it should be rich idiots paying for it.
Anyway. She looks like a Guardian reader. The more destitute she is, the happier I am. Carry on the good work, love.
WeWork for the overnight crowd.