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GoGoGadgetChris posted:Why would a user care about that? Isn't that the IT guy's problem? And he's just an expense line item so who cares if he's grumpy or electrocuted For the upper management of companies that arent directly involved in tech their IT department is a never ending headache. Most of them will jump at the opportunity to reduce the size of that headache, especially if its presented as a way to also cut costs.
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May 28, 2022 04:58
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The S&P500 and Dow just had their best week since November 2020. This is a classic bear market rally, just in time to continue the correction next week.
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May 28, 2022 08:33
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Canine Blues Arooo posted:I like to keep em' spicy. There's also the risk that, once your cloud provider of choice has you captured into their ecosystem, they can absolutely put the screws to you pricing-wise and potentially make it hugely costly/disruptive/both for you to move to another service, right? The loss leader / aggressive uncompetitive pricing > market share capture > price inflation pathway is not exactly an unworn one in Amazon's history as a business, for example
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May 28, 2022 11:00
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New Found Power posted:There's also the risk that, once your cloud provider of choice has you captured into their ecosystem, they can absolutely put the screws to you pricing-wise and potentially make it hugely costly/disruptive/both for you to move to another service, right? Cloud isn’t a loss leader for the top edit: lol Google still loses money on GCP somehow Arzakon fucked around with this message at 11:14 on May 28, 2022 |
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May 28, 2022 11:11
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Arzakon posted:
how the gently caress is that even possible I have a buddy who works at Amazon on one of their services that utilizes AWS. They get billed, but they get 'at cost' billing against the project and it's at about an 85% discount. The suggestion here is that AWS is already making bonkers money, and I have no idea how GCP is loving this up. Canine Blues Arooo fucked around with this message at 11:26 on May 28, 2022 |
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May 28, 2022 11:15
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Canine Blues Arooo posted:how the gently caress is that even possible The “G” in GCP is why they’re loving it up. I’m not sure what that company is truly competent in outside of search / ads.
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May 29, 2022 18:29
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I'm slightly surprised that they're running at a kid, but I do know they're plowing a ton of money into first year start-up credits, as well as aws->GCP conversions, both in FTEs and multi hundred thousand dollar credits. Google wanted to get deep into our market and were ready to sign in blood to give us two FTE and 200k a year credits for up to 30 months to switch Of all the side businesses that could some day compete with ad and search, GCP seems like the most likely to succeed, so wouldn't surprise me to see them light money on fire for another 5 years to make sure it's a long term success. Unrelated: having used both, when dealing with regulators (i.e. beginning a bona fide business), I deeply prefer GCPs security model
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May 29, 2022 22:15
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Fireside Nut posted:I'm still learning quite a bit when it comes to trading and haven't really dealt with their situation before. What is the most likely worst case scenario for a company trying to 'maximize shareholder value' because they are in pretty big trouble? I'm trying to understand what 'generally' happens in these situations with biotechs. SESN - Worst case scenario is the company goes bankrupt and the shares are worth zero. There is risk, but I don't think that will happen. They are meeting with the FDA on July the 11th for a type B meeting regarding further Vicineum trials. What they said in the 10Q in regards to the March FDA meeting - "During the Type C meeting, the FDA agreed to a majority of the Company's proposed protocol and statistical analysis plan design elements for an additional Phase 3 clinical trial for potential resubmission of a BLA for Vicineum for the treatment of NMIBC." Also the FDA is leaning towards "randomized controlled trials." There are study results coming from China which could be used for this purpose. Looking at around 6 month to a full year for another kick at the FDA can. That said, we'll see what the July meeting brings, if they will accept the China data it could lead to a short favourable outcome. Also to note Sesen Bio is taking in royalty payments for it's monoclonal antibody EBI-031 and all other IL-6 anti-IL-6 antagonist monoclonal antibody technology. The largest deal being with Roche for a total of $262 million if it meets all the milestones. In Jan 2022, Sesen got a $20 million payment from Roche for meeting one of the milestones. (Roche is using EBI-031 in a phase 2 clinical trial now) Sesen Bio also has royalty contracts with Qilu (china), MENA region, and EIP (Turkey) so there are few million coming in from there as well. So it's not like Sesen is sitting on it's hands right now. With a nice sum of cash on the books of $169 million & no outstanding debt, I've got a rough book value of .70-.79/share minus the goodwill. It's possible Roche could be the company moving forward with the buyout option. Going back to Pender Growth Fund (PTF) - bought 800 shares @$10 on Friday. Hopefully will be one of my "hold forever" investments.
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May 29, 2022 22:42
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ARTPUP posted:SESN - Worst case scenario is the company goes bankrupt and the shares are worth zero. There is risk, but I don't think that will happen. They are meeting with the FDA on July the 11th for a type B meeting regarding further Vicineum trials. What they said in the 10Q in regards to the March FDA meeting - "During the Type C meeting, the FDA agreed to a majority of the Company's proposed protocol and statistical analysis plan design elements for an additional Phase 3 clinical trial for potential resubmission of a BLA for Vicineum for the treatment of NMIBC." Also the FDA is leaning towards "randomized controlled trials." There are study results coming from China which could be used for this purpose. Looking at around 6 month to a full year for another kick at the FDA can. That said, we'll see what the July meeting brings, if they will accept the China data it could lead to a short favourable outcome. Hey, thanks so much for the thoughtful answer - really helpful! I actually picked up like 500 SESN @.498 on Friday. Really appreciate the tip on this one! 
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May 31, 2022 16:30
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Doccykins posted:They're only bouncing because theyve just announced that they're buying VMWare - for what reason I have no idea because anyone doing anything with virtualization these days gets the hard bit that VMWare used to do abstracted away in Azure or AWS Oh, my comment was just in relation to how the company stock is worth significantly more than the $30-ish it was when I worked there. There was a lot of shady financial/regulatory poo poo that got nailed, and I figured that, along with layoffs and lack of direction, was the signal of the end. They seemed to be more interested in owning the Ducks anyway.
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May 31, 2022 17:23
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I've set a persistent sell limit on UONE at $20, what date do y'all think it will hit $19.99 and sputter out while I'm not looking?
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May 31, 2022 20:31
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Space Fish posted:I've set a persistent sell limit on UONE at $20, what date do y'all think it will hit $19.99 and sputter out while I'm not looking? Juneteenth is the 19th, a Sunday. Last year it popped early. So 14th?
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May 31, 2022 20:45
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people here generally know I hate $DASH, so this is entertaining on a related co. From Grant’s: “Just Hit the Bid Burger flipping would have been more profitable. European food delivery outfit Just Eat Takeaway is looking to offload U.S. subsidiary Grubhub, which it purchased for $7.3 billion in stock last June, the Times of London reports. The only problem: Just Eat is facing a super-sized write down on that recently acquired asset, with proceeds projected to be as little as $1.3 billion according to bankers working the deal. Just Eat, which lost some $1.2 billion on a pre-tax basis in 2021, has seen its total market capitalization shrink to $4.4 billion, with shares off 72% since the deal closed just under a year ago. Accordingly, the Just Eat c-suite finds itself in an unenviable spot. “I’d be amazed if [the deal] does get done now because I don’t know how management can credibly stand up and go, ‘you know, we’ve paid billions of dollars for this asset and now we’re going to take a massive bath on it,’” one banker told the London Times. Well-ventilated concerns over the ultimate viability of the outsourced food delivery model will make that messaging no easier. In a letter to investors back in fall 2019, Grubhub’s then-CEO Matt Maloney painted an un-bullish picture of his company’s future: “Extremely large delivery/logistics companies can generate slim margins, but only because of the hub and spoke efficiencies they gain at substantial scale. The point-to-point nature of our business mostly eliminates that aspect of operating leverage.” “
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May 31, 2022 23:52
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I don't want to give away too much about my actual employer, but I'd just like to mention in re: the cloud provider discussion that "cloud" is more than just infra. My company does infra + apps and cloud apps are a different sort of story for customers. The biggest-name specialty cloud apps provider is Salesforce.com (I don't work for them) and if you're not considering them when talking about the cloud, you're not considering the whole picture. Even very small companies leverage cloud to their advantage. Think of payroll, for example. ADT and Quickbooks have all shifted thousands of small and medium outfits to cloud and likely saved them money in the process. This is part of why I scoffed at blanket statements about the cloud being bad and companies being better off with on prem. On prem is, in my opinion, going extinct at almost every level in most industries. Ubiquitous universal high bandwidth internet basically guaranteed it. The hardest area might be companies trying to outsource only their workloads to cloud, since running your workloads yourself but on AWS or whoever's servers is still potentially very complex, and it may be a long time before that is completely painless, if it ever is. But eventually most companies shouldn't even need to think about infra, because they'll be using only cloud apps and it'll be the cloud app providers worrying about infra for them.
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Jun 1, 2022 01:24
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If you have less than a couple hundred or maybe even a thousand employees these days I don't see a need at all for an On-Premise date center. My only caveat with the Cloud is no matter how freaking hard I try to explain this no one understand that if you lose your Azure, Azure AD, AWS, GCP, etc. credentials there's often no inherit backup in these services beyond redundancy. If someone with root or global admin logins and deletes everything there isn't anything you are able to do as would On-Premise with tape or other backup solutions.
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Jun 1, 2022 04:00
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Crosby B. Alfred posted:If you have less than a couple hundred or maybe even a thousand employees these days I don't see a need at all for an On-Premise date center. If someone is shoving out money for a cloud license, what’s the big deal about another 10k or 20k to backup your data on another service? It’s still cheaper than another FTE
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Jun 1, 2022 05:09
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Ubiquitus posted:another service? It’s still cheaper than another FTE We were evaluating AWS Aurora which is basically postgres with all the bells and whistles turned on, properly configured with an SLA, vs the cost of ~0.66-1.00 FTE ($150,000/yr + benefits + onboarding time/cost) and Aurora is wildly expensive, but not as expensive as a FTE Especially if you factor in the fact that the average FTE is at a job for only 22 months, better to have all that tribal knowledge in AWS than some guy who just left your company for XYZ salesforce clone
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Jun 1, 2022 05:40
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Ubiquitus posted:If someone is shoving out money for a cloud license, what’s the big deal about another 10k or 20k to backup your data on another service? It’s still cheaper than another FTE I pay Datto like 1500/mo to back up my 30 or so TB of 365 data, and another vendor for my azure servers, and I stop worrying about it. Works out just fine compared to the million or so we pay Microsoft every year.
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Jun 1, 2022 05:55
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GME expected eps: -$1.16 Actual eps: -$2.08
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Jun 1, 2022 22:18
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Fate Accomplice posted:GME expected eps: -$1.16 Just sell some stock to raise eps sheesh
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Jun 1, 2022 22:31
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Fate Accomplice posted:GME expected eps: -$1.16 This is good news I tell myself as I'm surrounded with bags of poop that I'm holding.
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Jun 1, 2022 23:02
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Dropping $6, bouncing $18, then resting (for now) at $1 up AH on the dreams of a videogame NFT marketplace is far from the worst case scenario for bagholders.
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Jun 1, 2022 23:33
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quote:Net sales were $1.378 billion for the quarter, compared to $1.277 billion in the prior year’s first quarter.
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Jun 1, 2022 23:34
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12.7 million shares direct registered by retail with Computershare as well. Retail has direct registered more shares than Blackrock and Vanguard hold combined
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Jun 2, 2022 02:14
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down 55% this year. very based. thank you
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Jun 2, 2022 02:41
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DoubleT2172 posted:12.7 million shares direct registered by retail with Computershare as well. Retail has direct registered more shares than Blackrock and Vanguard hold combined This explains why the SEC felt the need to film that commercial with the black lady that made the apes angry.
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Jun 2, 2022 04:35
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Fate Accomplice posted:GME expected eps: -$1.16 And if history is an indicator, the stock will skyrocket today.
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Jun 2, 2022 13:32
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Sand Monster posted:And if history is an indicator, the stock will skyrocket today. In a few hours the shareholders vote on the share count increase authorization will be announced, so who knows
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Jun 2, 2022 13:50
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How much of the inventory stock up was spent on NFTs
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Jun 2, 2022 15:08
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Dang, BROS recovered nicely, should've bought the dip
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Jun 2, 2022 15:18
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I bought the BROS dip and I'm pretty happy. Too bad I bought the JTKWY dip to cancel it out.
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Jun 2, 2022 16:26
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Democratic Pirate posted:How much of the inventory stock up was spent on NFTs Lol. Such a tire fire. They are burning through so much cash. I think true value should still be under 10, and they're on pace to lose 10/share every year now while they are thrashing around trying to turn themselves into an actual company.
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Jun 2, 2022 17:22
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Number being sneaky, waiting for everyone to let their guard down, become complacent with flat growth of number, then... Rug pull!
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Jun 2, 2022 18:16
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My friend is telling me to buy $419 SPY weeklies expiring a couple weeks from now. Any goon guidance on whether this might be an advisable decision? Tips on how to evaluate 'TA' or DD for this purchase? I'm still a noob. This is gambling money I am ok losing, to be clear. Maybe a couple contracts so max loss around $1k.
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Jun 2, 2022 18:37
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Inner Light posted:My friend is telling me to buy $419 SPY weeklies expiring a couple weeks from now. Any goon guidance on whether this might be an advisable decision? Tips on how to evaluate 'TA' or DD for this purchase? I'm still a noob. So let's assume SPY 415 right now that's a $4 increase you are betting on (for the option to expire 0.01 in the money so at expiration if you held that long you basically lose still) you actually need to go +$1 for every $100 you spend on the option (which is why it's written as $1.00 instead of $100) Assuming a June 10th we're looking at $350 so you need $422 on the 10th to break even. Any more is gravy. Again holding until expiration (which isn't what you want) What you actually need is for this to become more likely than it is right now so you can sell it for a higher price than you paid. This is tricky to know when to hop off, you can get into the art of "rolling" that is when it gets to $419 or $418 even you sell it and buy as a $422 for the same date for less and pocket the difference. This works excellent when you can roll more than you paid off the table and make it a free ride. Anyway here's Tastyworks for a nice visual (profit is on the top in red / green ) (Bottom left is the ticker and options in a nice listed form) (POP Is probability of profit, that entire line is useful with your max loss and max profit and Buying Power costs)  If you are looking to reduce the price you can go closer to the money on the long and sell a short to make a spread.  You spend $205 and have a max profit of $295, this doesn't sound as fun as the unlimited but this profits a lot sooner. Both are pretty valid plays and I wouldn't scoff at either going into next week. The naked you will need to manage by rolling probably and the spread is just figuring out when to close it up (you don't close something like this for less than scratch / break even, you are deciding what the max acceptable loss is to you with a spread when you make it, or typically you do). Final option is probably the broken wing butterfly. you could break it to the down too if you think 420 is going to be more of a resistance.  e: that butterfly was made on a different expiration whoops. Close enough for example though. Prices wont reflect real world perfectly but the cost is like $5 difference and it's moving around more than that since the market is open. pixaal fucked around with this message at 19:02 on Jun 2, 2022 |
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Jun 2, 2022 18:59
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Going to take a while to absorb this, just replying now to say thanks this is very helpful for finally learning some of these important finer strategy points. Particularly around rolling options and named strategies like the butterfly.
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Jun 2, 2022 19:15
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Fate Accomplice posted:In a few hours the shareholders vote on the share count increase authorization will be announced, so who knows GME up ~10% today. So, yeah, business as usual for that stock.
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Jun 2, 2022 19:47
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GME to shareholders, months ago: "there are 77M shares outstanding and we're authorized to have 300M. if you vote to raise that cap to 1B, we'll consider giving you what's called a 'stock dividend.'" cultist shareholders: "a stock dividend you say? clearly that means shorts [who never covered, despite an SEC report saying they did] will have to locate/buy X real shares for each share they've shorted and that'll cause the MOASS! EVERYONE VOTE YES. as soon as the votes are tallied they'll give us X times the shares and the price will go to the moon!" ==== GME, 3 hours ago: "thank you for voting yes to everything we wanted. if it makes sense, we'll consider a stock split at some point in the future." cultist shareholders: "they're just saying that to keep the hedge funds on their toes! the dividend will be any minute now!" onlookers: "did...did they just vote to allow GME to sell shares and dilute themselves without getting anything in return? if GME issues more shares, the price goes down, and any reason to split goes away." narrator: "that's exactly what they did."
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Jun 2, 2022 19:52
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Years from now at a MBA course: "GME is a business who's main revenue comes from selling stock... it's stock of what, the sentence in the textbook just stops there?"
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Jun 2, 2022 20:06
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I am skeptical SPY will be above $415 in a few weeks Rolling options sounds cool, but any blip in market confidence (Russia gets mad, deploys nuclear bombers near front lines? North Korea decides they need more attention this week? Ultra-omicron kills <important world leader>?) could put spy at $395 and keep it there for several weeks. This is true at any time, but number seems particularly twitchy right now
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Jun 2, 2022 20:24
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