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Relax, I was Jk guy, I said before I hope they wait to do the offering. Iit's not as if they couldn't do the offering at anytime. I actually got the email and your wrong the offering price is $17.65 a share, the NAV is now approximately $14.44 a share; more importantly their old NAV as of March,2012 was $13.47. Do you just guess your numbers? And what are all the exclamation marks about, are you excited to be a rambling fool? Shhh stop acting so crazy, I believe this stock will hit $30 a share. GLTA
It was known this was going to happen for a month? Why are you surprised? Do you think a stock get shorted to the tune of 44% percent with this low float if it wasn't going to happen? What will be shocking is the offering price!!! Cause there NAV is 12 and change the offering will be 14.15 at best!
This day will forever be marked in infamy the secondary has hit.
At least they sold their Groupon position. That's what killed the NAV this quarter.
May 07, 2012 11:30 AM ET
Current Offerings
Facebook, Inc.
Initial Public Offering
Expected Pricing Week of: 05/14/2012
Conditional Offer # of Shares
(Minimum 50 Shares)
Limit or Better Price
Please enter the maximum number of shares you are interested in purchasing.
Please enter the maximum price you would be willing to pay per share. If the offering price is less than your limit, you will pay the more favorable price.
(Symbol: FB) (Estimated Price Range $28.00 - 35.00)
Now goto etrade.com and see for yourself.
,,,,,,,Hmmmm thanks! That's a first....FB demand must be very low
Simmer down. Their clients have been getting FB for 20-40 a share on private market all year. Today at 8:40 it was announced its impossible to get any more through indication of interest, the date to get last indication in is the 15th. I'm not even going to bother because It's worthless at this point. Not only that they were behind offerings for SVVC. What has your involvement been? More importantly they're having a voting proxy meeting in Cali. I don't think they want to have their gala immediately after they cut everyone down 30%. I'm sure you'd agree. OH YEAH, YOUR INVOLVEMENT HAS BEEN BLOGGING AND READIN OLD NEWS. THAT'S YOUR INVOLVEMENT, scaring ppl into selling. THAT'S YOUR INVOLVEMENT
SELECTED FINANCIAL AND OTHER DATA
The selected financial and other data below should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and notes thereto. The selected financial data at December 31, 2011, and for the period from January 6, 2011 (date of inception) to December 31, 2011 have been derived from financial statements that have been audited by Grant Thornton LLP, an independent registered public accounting firm. Quarterly financial information is derived from unaudited financial data, but in the opinion of management, reflects all adjustments (consisting only of normal recurring adjustments) which are necessary to present fairly the results for such interim periods. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” below for more information.
(in thousands, except per share data) Three months
ended
March 31,
2012 At and For the
Fiscal Year
Ended December 31,
2011 (1)
(unaudited)
Income Statement Data:
Total operating expenses $ 1,211,807 $ 2,196,192
Net investment loss (1,094,002 ) (2,033,864 )
Net change in unrealized appreciation (depreciation) on investments 1,011,195 (1,579,800 )
Net decrease in net assets resulting from operations (83,063 ) (3,613,664 )
Balance Sheet Data:
Total assets $ 167,690,745 $ 91,798,242
Total liabilities 341,637 20,294,994
Total net assets 167,349,108 71,503,248
Per Common Share Data:
Net decrease in net assets resulting from operations per average share (2) (0.01 ) $ (1.07 )
Net asset value per share 13.47 12.95
(1) Includes the period from January 6, 2011 (date of inception) to December 31, 2011.
(2) Weighted average common shares for the three month ended March 31, 2012, were 9,387,133. Weighted average common shares for the period from January 6, 2011 (date of inception) to December 31, 2011 were 3,377,429, which was calculated starting from the issuance on February 28, 2011 of 100 shares.
12.95 NAV They're trading at a 50% premium.
AS SEEN ON TV another moran, Doesn't matter how or who puts a conditional order in on a IPO. Whether I'm joe the plumber or Jack a from Morgan Stanley it still runs thru the same system? What firms does your partner work for? You think GSVC is a good buy? They're doing a offering of 250million shares that's why it's shorted to the tune of 40%. Open your eyes.
Stop being silly. FB is over subscribed, so what makes you think Joe the plumber is going to get 600 shares of the most sought after IPO on ETRADE?! LOL they were loking to be acquired last year LOL. My partner runs a broker dealer and he cant even get a piece for his clients anymore. #2 you're assuming. GSVC clearly says in their filing that they will not be looking to issue shares for 2 reasons. 1) they don't want to destroy their share price 2) they said that once they use up all the funds from the last offering they will issue the new offering. As of now they've used 70% of that money. Silicone valley is to busy making facebook parties to be busy acquiring new start ups. Hahaha stay focused buddy. GLTA
You can buy shares of FB ipo from etrade. They have the offering. It's going to kill GSVC and SVVC, better get out and they're doing the share offering. FB thru etrade 28-35 per share. You would be nuts to stay in either one now.
Is this Jim Cramers site? $GSVC- atleast $25 price target http://t.co/btniIMAl
8% A DAY SHORTS....GO GSVC--MONEYMADE
Let's just hope they don't do a secondary from now to then. At least my favorite stock got it over with. That's a steal right now, only 5% above NAV.
,,,,,,,May 18th shorts...go GSVC
Yea my favorite stock pulled a GSVC and said there doing a offering cause of the premium there stock is trading at now. That's why it slid Thursday and will continue. They're talking about a 40% reduction on PPS on their offering. INSANITY! Let's hope GSVC doesn't do that number.
Crazy: I read through your post which I was unable to do the other day. With the markets closed today, it's a good time to catch up and look at my investment plans again.
Seems I was correct with your favorite fund or whatever you want to call it. It now looks like a good entry point. Unfortunately my favorite stock didn't get the nudge I was looking for last week, so I can't buy as much as I would have.
GSVC is about back to where it was a month ago. Not too bad considering everything. I have some money put aside to buy more GSVC and the timing is to buy after the new shares are released. It now seems it may be a little longer than I expected. $GSVC is on a slow downward trend, as if interest in the stock is waning. Volume is also down this past week. However, I don't see it going below $17. Support will probably keep it around $17.50 without figuring in the new shares when that comes to be.
Complete free fall if support doesn't hold next week. Could be dipping to 15. What horrible luck to announce possible offering coming at any time, with Groupon's melt down. Well, I'm rooting for 15, cause that would be a great swing trade. No way are the doing a offering if they are trading that low. Would only seem likely that they would do a offering either a month after FB IPO or a week or two before the IPO. IMO. Due to the fact of the low PPS would only make sense to wait unless a great deal comes by. At least we know FB will be on the NASDAQ.
All I can say is that GSVC calls itself a closed end investment business, while the other one calls itself "a publicly traded investment fund"
That's from their web site. Also it's listed as a fund in all of the searches I did. My Etrade shows it in te stock section, but Etrade lists ETFs there also.
I'm sure it's only splitting hairs. I admit, I don't know the difference between this type of fund or this type of investment vehicle, except that it may have to do with the length of time a business holds onto any particular asset in its portfolio.
Just as there are real estate invesstment companies and there are real estate investment funds. (they pay nice dividends too).
I only breifly read your email. I can't seem to find my glasses, so it's hard for me to read. I will read it through more closely when I find them. I do think Facebook is going to pull the trigger fairly soon though. It's a signal when they request that auctions cease on the private market.
By the way, it isn't the trading price dollars that I look at. I look at where it is on the cycle that every security has, up and down. I look at more than a few charts and patterns to see when the best time to buy or sell a stock may be. I don't think I'm an expert, but I get more right than wrong. I'm one of those guys that will always listen to opinions. I may think it's stupid or ridiculous, but more than once, I've thought about some of the dtupid opinions only to agree after thinking it through.
Sorry if there are typos here. I'm looking at my keyboard and can barely read the screen.
I'll post more after I find my eyeballs
It's not a mutual fund, it's the same format as GSVC. It's a close end investment fund. Prior to it becoming this, it was a mutual fund. The company runs many mutual funds. Also if your worried about the pps?? Really, their share count is 3 to 1 less then GSVC, also you have to remember that it was trading at the 17ish level in January, since then YELP went public 500k shares at 6 trading now at 25 that's a 400 percent gain, they also have bought 550k shares of FB. All this that quarter. The stock is only up a one fold, they have a 400% gain locked, and there sitting on 600k of FB. Do you know how much their dividend is going to be on that investment?? Going to be unreal. If their nav was 23 and change before YELP went public what do you think it is now? It's not a mutual fund, same as here, same distribution style. Have to remember GSVC eventually will add those shares in that registration, when and what time we don't know. But I do know the the other isn't at all this year. Another factor in my decision to throw more money into the other than here is the hedge puts on QQQ, even if the market tanks they have put options to save. GSVC doesn't do that. At least to my knowledge. Until GSVC proves themselves with one good fair value buy and pop on opening of IPO. At least the other did. GSVC could have bought YELP. There where plenty of shares available in December. I do believe they had cash then too. The other company proved themselves by making at the time their number one investment a 400% gain. Now they have FB as their number one investment. If it stays hot that could be a 200 to 400% gain. Massive dividends coming from them, can't see GSVC handing out dividends yet, or even with in a year. Also even if they did, let's hope they don't sell all those shares, cause that's going to dilute the dividend per share. We will see in time. This looks locked into a channel, and it's just stuck in mud. It goes up a little and down a little, need a breakout, thought it was coming before that announcement. Once it broke 20 I thought it would run hard. That announcement I believe cooled them off. Many are worried about the offering, not knowing when there going to unleash it. GLTY, should be a great week of trading. IHUB will be jumping too, have 6 promo plays running in the same week. Oh god, someone is getting a margin call. lol
I don't see how your fund can maintain this upswing its on. Seems to me that another day or three and it will consolodate. Could be for a few days or a few weeks, I don't see myself buying into that fund at current prices. maybe if it drps back into the mid 30s, I figure about 10% retraction from current prices. Then I'll probably try it out.
SharesPost did close their last auction at $44.10, but that was just the other day. Prior to that it was 40.10. It looks as if the IPO could be coming soon. There's no more private auctions till it goes public.
I'll know more of what I'm doing after Tuesday. I have a couple of stocks pegged for purchase later next week. I'll also do some more digging into the fund you like so much. I'm not a big fan of mutual funds. The closest thing I've got in my portfolio (except for some hedges) is GSVC, though it isn't a fund technically.
Sounds good, I understand your points and they're very on point and smart. I see GSVC as a excellent swing trade into the run up of Facebook. 25 it could see that with a offer, without one, maybe 35...You know what stock I'd rather perfor, only cause they have 600k shares of FB and 500k shares of yelp at 6.00 that's at 26 now. Their nav was 23 and change per their last filing. What can it be with that gain on your number one investment now??. Before all the FB shares the last 30days. Then your going to follow that with FB. Also they have 85mill in cash and will not do any offerings. Id rather trade high with volatility, that SVVC swings some great offerings during intra-day. As of Dec 31st their nav was 23 and change with yelp 500k shares fair value at 6 and 45k FB at 45. and 85 million in cash, also with puts down to the lows 44s on qqq to balance the swings in techs. I believe a much more value is over their. They're going to 100 easy, by the end of the year. It's a rocket ready for liftoff. But they take out more then GSVC, but in their filings they tell you the calculation of and how and why they take out of everything. GSVC really discloses only what they want you to know. Also SVVC was a mutual fund that was converted to a close end investment. If you look at their mutual funds all have recovered from 2008.
Both times GSVC filed similar offerings, it happened fairly quickly, within a week I think. It seems to me that GSVC could go either way. They may want more operating capital to purchase additional stock, or they could be running low on the millions they pay themselves.
As I pointed out previously, GSVC deliberately undervalued the current value of their holdings. They don't actually own Zynga either. It's indirect through a note, which can be paid off in cash rather than stock. They stated that they are only holding half the diversification they want to. They have plenty of money, or should have, but their operating costs are staggering.
I'm holding at this point. I'll buy more if I can get in at under $16 during or right after a new offering. I may also sell if this stock goes over $25 with no real new developments. Right now I don't see GSVC as a long term investment. Not yet anyhow.
I need to see what happens and happened with all of the operating money that appears to be going to the Principals. I'm undecided, which is whay I'm in a holding pattern. Besides, I won't be doing anything till later next week for other reasons.
Just my opinion.
Happy trading. GLTA
My only major concern about the offering is that if they can spring it up within what notice?? Is this going to run during FB ipo and then they kill the price by taking up all the profits from the sale. Then they don't have to distribute all the profits at the end of the year. The share count would be higher thus driving down the earnings. Just wondering?? Could totally be wrong. I look at it from their point, this is a once in a lifetime IPO, if they can do the offering at any point, I have to see one being done after FB. Would make perfect sense from managements point of view. They would gain more from the profit of FB this way then any other way.
Yes, you are correct in that they must distribute any profits to maintain their tax treatment. What I find interesting about this particular offering is that they plan on releasing the stock from time to time, not all at once (although that may have been in the other offerings also). They can change this of course but at any rate, they must file an additional form with the SEC prior to issuing any stock.
There was a panic selloff yesterday as people didn't fully read the filing. That includes myself. While I made money on the shares I sold, there was no rush. The stock may well go back up over 19.50 before new stock is issued. Oh well.
The other item I find interesting is how GSVC deliberately undervalues their own holdings. The few stocks they hold that I checked on, are trading at significant premiums to what they state in their filings. Anywhere from 20% to 50%. It raises my antennae and I become suspicious when I see blatant lies on any SEC filing. It must be for tax purposes or to plead their case to the SEC for added shares. But it's so easy to check on and see through??!!
BTW, I did not invest in GSVC only because of Facebook. I like their business plan and format. And I think they picked some good firms to invest in. Not all, but many.
I started my DD on SVVC. I am basically in a holding pattern until Wednesday of next week. I am expecting drastic movement on a stock I am heavily invested in based on events on Tuesday. If it goes as planned, I will probably be investing a good deal later next week. If not, I will be in recovery mode, liquidating certain options and spreads and possibly selling off some of my stock in that firm as well. I have a 90% chance of getting it right based on all research, but anything can happen.
I believe the DRIP or dividends was explained in the prior offerings. Just for the fact they have to release all 98.2% of the profits every year to qualify for what they are doing. That's why stocks like this can have monster dividends. As if they sold their FB shares before the six months, which I hope cause of tax laws. That seems to be the plan. Believe most insiders wanted this public too, so they don't have to pay the extra taxes next year too. Now with that being said did you check out SVVC. They have 600k shares of FB, have a lower float, it swings from 35 to 40 even 32 the other day. So if your patient you can get in at a good pps. They also have YELP at 4.75 which is trading at what 26ish? Now the rest of their portfolio is junk, but who cares, they have the same qualifications as GSVC. SO you can expect a monster dividend from them at the end of year too. Their is no IHUB board for them. Check them out. I know you love these social media plays. With 600k shares of FB to GSVC what 200 to 300k shares?? Also they have YELP, when GSVC all their IPO has been in mud. Just check it out. FYI could be another way for us the small guys to get in FB without the premium. GLTY.
Yes. GSVC filed yesterday with the SEC for another offering. Pricing was not included, only that a maximum of $250mm would be raised. Pretty much like the last one. They also mentioned a DRIP being initiated,, so we can expect some dividends in the near future (I guess).
Another development is that Facebook has asked secondary market sellers to stop trading Facebook shares as of this Friday so as not to affect their IPO.
I checked this morning and found it on the SEC website and GSVC's site as well.
Obviously I reduced my holdings. I can buy them back cheaper in a few days. Though lots of the stock I'm still holding because it's still cheaper than what they will probably offer the new shares at. Even so, not a bad day overall.
Down over 10% right now.
I haven't heard anything about it for what it's worth. The stock is getting hit at the open though. It wouldn't make much sense IMO for them to do it so soon after the last one, before they even announce where they invested the last batch of capital.
Any truth to this rumor that GSVC is going to have another offering? It's on twitter and spreading...That would be really f@kd up to do it what 2 times in a 3 month period. Hope it's false. Have to wait and see, if they do a offering. You should look at SVVC lower float, has 3x more FB and has yelp at 4.50 insider and it's at what 26pps right now. Much more value if you ask me.
Another auction was announced today. I was going to bid on some, but I don't think they are any bargain at this price. At least not cheap enough to invest $100K minimum bid with SharesPost.
Time may prove me wrong. Particularly if the IPO is at $80 or more. I just do't want to tie up that much $$ in one stock.
GSVC is a good investment vehicle. So far, so good. If it continues to steadily increase as it has, the risk/reward certainly works for this one.
just my opinion.
A lot of Facebook shares where bought by SVVC, including Class B stocks of Facebook. WOW. Their really going head to head with GSVC for investors. Should be a interesting week between the two in pps.
Latest private auction on SharesPost for Facebook is $41.00 per share. The prices have crept up from $40PS, to $40.50PS to $41. The price of anything is what someone is willing to pay for it. So, that would correlate to current value of FaceBook Shares.
That's only part of GSVC value, but a nice piece at that. Anyone know what bumped the GSVC value up the other day? Today looks like some profit taking along with a drop from the overall market conditions.
BTW, GSVC is not a true fund. The Company is an externally managed, non-diversified closed-end management investment company.
GSVC trades in private and select public firms. Similar to but not as an investment fund.
Just my 2 cents.
Never said I was an expert on closed end funds? Although there's really not much to know about them.
My back round is as follows. I'm 43 years old. I spent 13 years as an investment adviser on Wall St. I made my first million dollars by the time I was 28 years old. I bought my first house when I was 29. I no longer manage money for anyone other than myself and my family/friends.
I own a diversified portfolio of stocks, bonds, mutual funds , precious metals and real estate.
You mention my posts about a couple of penny stocks- those posts were to point out how they were total scams.
I was writing an article about how these penny stock scams create hundreds of millions of dollars out of thin air.
As for my posts in the SLV board- I own silver and other pm in my portfolio.
You have a lot to learn about investing.
Me- I have a tee time in an hour and a half.
EXACTTARGET IPO opens at 24. Insiders bought at 4.75 at the highest. That's what a good private investment company does. Not pay 25 a share to open at 20, or 13.10 to open at 10. That's the return you should see 400 to 500%. Just a FYI. Maybe take sometime and look at the IPO's at what the insider's average price inside of it is. Never over, or with in ten percent. HUmmmm
Not a argument. It was a question towards you. You said your a expert on close end funding now tell us all what their is to know that we don't know. Tell us!! Just don't say it and run. Just remember without that short percentage what would the volume been here for a month. They did you a big favor. Take the average volume for the month of February, compared to March. Shorts create volume each day. As the volume slows on this, the action creeps down. The market has been up for 3 months. GSVC is at 19.09 right now. Not like they made a move to 21. Went from 15 and change to 19. Have a feeling by mid April you will be long gone from this board. So you get no respect from anyone. If your going to say I'm the expert on close end funding and not explain why. Then use lame excuses for not telling your thoughts as of why. Get lost, grow up, and try to open your mind to a situation. One who looks at it from one side, will never be able to judge the whole object.
You're a fool- and arguing with one makes me one. Don't feel like being a fool today- so nothing to say to you.
Now- regarding GSVC- looking good- I guess the shorts are hammering it. LOL.
First you want to run your mouth off about their investment portfolio. If it wasn't for the Social Media Investments you wouldn't be around. If you would read my early post I said some of their other investment will turn out FAR better then any Social Media Stock. OK what would that include since I have no knowledge about them. You could start with chegg or kno, and say hey they're great energy investments, maybe even say hay that investment in the Guilte Group, after the success of KORS will lay great ground to the power of female buying. Then maybe we could goto the educational investments. Ones into electronic books, which is the future there will be no more textbooks in school? Would name the company but you know or maybe you can check your P's and q's. Maybe we can talk about Silver Spring. How they are basically a monopoly of making money. They have to get paid for distribution of almost every power watt there is in this nation. One of the top ten growing private companies. You know that's the company that help's and regulate the distribution of power through out the us. Now we can goto to your comment I've been trading for a month? Please explain what makes you think that? What makes you so smart to sit behind a screen and run their mouth when they have zero facts. Been posting on GSVC since last May! lol Now how would you like to be called out? Hmmm SPPH,KNKT and I silver that's your investments, and posts. You refer to other cause that's what you are a penny man. Now your first post ever you said this company has done a great job with their portfolio to date. Really? What investment are they up in? And if your going to say ZYNGA please include the equation of the repayment of loan into the price. They have had two companies go public both they over paid for when IPO pricing came. If that's not a red flag I don't know what would be to a share holder. The number one factor alone in this company making money is by per-evaluations. If they can't get the price right, then they will never make it. Not saying they can't, but o for 2 is alarming. Now you could say why not sell? Cause I believe that once FB goes public they will do another offer. The social media investments where used to get attention and they have gotten it, and have made some good investments so far. Their underwater nearly half of their investment in one position per their latest disclosure. So please explain for someone who doesn't know nothing what your facts are? You say my short numbers are misleading there coming straight from this very own server. Per ten days ago the short percentage was a 1.47 mill for the rate of 47% it was clear as day here for a month on the quote board. Changed ten days ago to 24%. Now if you would like a free service just Google, short percentage stock covering. Most will give you one report behind for free. You will see in the last report that over 500k shorted shares where covered! But then again that's in black and white for everyone to search and see but now it's on you since I know such little. Just cause a shareholder can take a step back and look at the plan with a clear head doesn't make them a idiot. That's why no one posts on this board cause any comment to the negative is taken without even thinking about it? A due plan on selling into the run up into FB and then sitting on the sideline for a month or two. But I'm sure you know how to handle it. Also you question that there up 20% since their IPO? Really!? There IPO last March of 2011 with a tag of 15.00, dropping to 9.45 before the first announcement of FACEBOOK which gaped to 15 that day before the bell. Also your comment about options that there are options? There are no spreads except for like three months at the interest is 5. If your such a great trader with this vast knowledge, write a spread. That's all. You can't use options with no volume. Have a great day. Just keep in mind what you said. Cause if the stock goes down I don't want to here you cry on posts saying why. I can handle it each way. Have made money here and been burned but still ahead a little and that's all that matters, as long as your green. Enjoy your miserable time looking to be grumpy saying hay hay I know it all and you know nothing. I'm the king of close end funding. Why do you use that name so much? Do you think it makes you smart saying close end funding instead of GSVC. Like close end funding is some big animal that's going to eat us all at night. Get a life bud. Can't believe I'm writing to a idiot so long. lol. Look at my post history and read all my different negative outlooks on positions and see what they have done since. You sit here, watch paint dry for 3 months, while money is being made all around. Just check my posts you can see in February what I predicted to one stock and three days later a 70% gain. It will add a 40% gain on April 3rd. But you just sit here and be a good boy.
by the way- it does look likes you can buy your options on GSVC--- have at it!!!!!
You sound like someone who has been investing for a month and everything you have learned about investing is from penny stock boards. I've tried to point out your shortcomings politely- but you just can't help coming back with a chip on your shoulder.
There isn't a soul at GSVC who cares about your wanting an "option chain" to protect your day trading.
If you want to learn about closed end funds and what they can or can't do- by all means educate yourself.
You talk about this only being up 20% as an IPO- it's beyond dumb.
You talk about trading this thing into run ups for all it's IPO's-- it had 2 so far.
You had no idea what they owned - then pretended you did.
You talked about reading documents that don't exist and short % that were meaningless.
You declared " I KNOW EVERYTHING THERE IS TO KNOW ABOUT THIS COMPANY- JUST ASK ME"-- then proceeded to publicly show you really know nothing about this company.
I can't help you.
If you want to trade this thing like a penny stock-- have at it.
If you want to talk about silliness- I will call you out.
Every time.
Since you want to add your two since without referring to me I will respond to you. Why do investors want options? Ru kidding me? Do you think this is the only close end funding stock trading? Do you think that options do not protect longs? Really with this stock that on every investment IPO they have had go public has been followed by a sell off, with many of us wondering why? But then again it seems like you have it all down bud. You should just use your own money since you know so much. FYI- since they can do a offering at any moment it's hard to stay long and not think it's going to happen. Has happen twice within a year. But you do your thing. Seems like you know everything on a close end investment that no one else knows. I guess that's why since it's IPO this company is up 20%, not 100% or even 50%. But yea you got it. That's why no one posts here. Your a Joker.
All this talk of option strings- PR releases- short squeezes etc etc-- this is a closed end investment company. People would do themselves a favor if they looked at it as such and not as some high flying biotech or penny stock. The guys who run GSVC have no interest in "releasing PR to bump the price of the stock".
They are in the middle of raising money and investing that money in social media and silicon valley type companies.
Investors should spend at least a half an hour reading up on GSVC ( or any stock/company for that matter) before investing.
An by reading up- I don't mean message boards or your friend's short position reports.
Especially if you don't understand those reports or if the reports are erroneous.
Just my 2 cents.
How about some option strings that would be nice? I mean it's been a year. Stock is less volatile but still. I got involved with a bio company that went from 2 to 6 to 4 to 7 and now is rolling and they have option calls ridden up to 12.50. GSVC IPO is close to a year now. At least we could protect our longs? Just a thought.
Thanks....and obviously SOMEONE KNOWS SOMETHING. THE WHOLE TIME THESE IDIOTS HAVE BEEN SCREEMING FOR $14 ROFL WHILE IN SHEER PANIC!!! GSVC SHOULD HAVE BEEN MORE PROACTIVE PUTTING OUT NEWS AND THIS NON-SENSE WOULD HAVE STOPPED WEEKS AGO....GSVC WOULD BE $30'S
--MONEYMADE
They covered it would have been a great squeeze but they covered by the 16th. Sucks is I don't know how they did it, without the pps going up more. I mean it was at 47%, was over 1 million shorts covered over half that to what it is now. It sure looks like they panicked the last hour or two and someone covered more. I'm not sure why they attacked this stock with such a low float. Terrible idea whoever it was locking up half the float. But looks like 20 beyond bud for sure here. I'll try and get the short count tomorrow morning my buddy pays for the changes each day. If the shorts covered that much the last hour, maybe news is coming tomorrow of new investments. What was it 500k in volume would have been close to 130k in short volume covering to cause that spike. Will try and find out. Just bee careful this always runs up the day of the IPO and then has died off the day it goes public. Obviously FB is the exception to any rule that could be made. I'm gonna watch it tomorrow and if it still goes up, I'm going to buy shares to sell into the FB IPO should make 20% gain on that, and still have my longs rolling. Had this wrong for sure thought the shorts had it locked, it was locked to a crazy point. Would love to know the outfit of the short that it came from. Just wish they had a monster PR to put out when it was 47% that would be a Sears Holding situation. Also where did they get a million shares to short or to cover them???
LOL! Wow, Talk about fast money. What was that about today?
$19 MAN THAT SQUEEZE...IS UNSTOPPABLE!!!!!
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SAN BRUNO, Calif.--(BUSINESS WIRE)-- SharesPost, the online marketplace for private investments, today announced an invitation only conference for thought leaders in the secondary market, the Executive Forum on Market Issues & Opportunities for Private Companies.
Co-sponsored by The New York Stock Exchange and Wilson, Sonsini, Goodrich & Rosati, the afternoon event includes three sessions that will address critical issues faced by issuers, investors, stockholders and marketplaces. The first session will focus on alternative liquidity options for private companies, including the current market dynamics and economics. The second session will delve into the legal frameworks and how issuers can manage the expanded landscape. The final session will focus on the capital markets and implications for growth stock investors. A hosted cocktail reception will follow.
WHO: The conference is most suited to private company senior management teams (CEO/CFO/GC) and institutional investors seeking access to these companies.
WHAT: Executive Forum on Market Issues & Opportunities for Private Companies
WHERE: Rosewood Sand Hill, Menlo Park, Calif.
WHEN: Tuesday, May 10, 2011 from 2:00 p.m. - 6:00 p.m. PT
"The emergence of the new online private capital markets platforms is radically changing the ways that growth companies raise capital and manage shareholder liquidity," said SharesPost CEO David Weir. "As a result, many complex legal and financial issues are being raised and we believe it is important to engage private capital markets participants in a discussion of these issues."
Confirmed panelists include (in alphabetical order):
For more information about the conference, please contact sharespost@schwartzcomm.com.
About SharesPost
SharesPost is the online marketplace for private investments. The company uses innovative technology to efficiently connect individual accredited investors, family offices and institutional money managers with high quality private investment opportunities.
SharesPost is not a registered broker-dealer or registered securities exchange. SharesPost is not registered as an investment adviser with the Securities and Exchange Commission.
For more information, please visit www.sharespost.com.
Source: SharesPost
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