Snowflake Initial Public Offering

wow at 201 really good

It is easy to be prisoner of moment. At present valuations doesn’t matter, but that is always the case short term. Short term is controlled by sentiment.

Value will always win in the end, doesn’t seem so now, but that is the whole point, why many retail do sub par. Prisoners of moment and emotional decisions.

Regarding ZM, I don’t hear any major industry player shift from CSCO or MSFT, so I would think ZM tapped into the work from home shifting possibly due to Freemium model. Let’s see how that plays out once dust settle.

I hear you regarding value. It’s how I learned to invest and doing discounted cash flows to calculate intrinsic values. And it may still work on more legacy companies. But tech growth in my opinion is a different ballgame. There is no point in doing any of it. I simply ask, will they be more successful in 10 years.

As for Zoom. I tend to agree there is nothing that special, but the market disagrees with us.

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Grid view with 30 people and stupid background wallpapers… nothing else.

Put this in a context where the whole planet needs to do group video calls and other apps are made for boring enterprise users.
:slightly_smiling_face:

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That’s a thing that makes a bunch of start-up to fail… you don’t need big players if there are billions of ā€œnormal peopleā€ that you can try to convert a very tiny % of them as your clients :wink:

That is the thing about Snowflake, when (IF) the big players fell treated, they can easily fight back them.

Ex: Microsoft vs Slack

Problem with that approach is stickiness, lot easier to have sticky effects on larger enterprises then on small enterprises/startups, who go for cheap/flashy/good solution :thinking:

I’m not from UK, I live in Germany and my friends and colleagues works on US, Canada, Brazil…

I’m not saying that nobody is using them, I’m saying that they are not a giant player on cloud solutions, what can be good, because that might have room to grow.

You can list 50 big names as customer of anything, the point is, how big is the budget of them on this companies?
Apple can thousand of companies doing small services for them, any of them can put an Apple logo on their homepage, if even they have just a few dozen thousand contract.

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That’s not a good business strategy… one single client that you lose, can represent a big drop on your revenue and big enterprises tend to switch solutions sometimes for very dump reasons.
Big it’s a good topic for a pub talk :beer:

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True, this is highly debatable, lot of small deals vs few big once. I see it in my company, GM wants big once, regional sales grabs bunch of small once.

I wouldn’t argue one is better over other, but there are pro/cons on both approach. :beers:

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I’m talking about how you think the UK is not very good at keeping up with new software solutions. You guys have it far far better than you think.

@Hectares

Hi Guys,

Just thought i’d let you know the outcome of this as you were both interested. T212 basically covered themselves and claimed the price was right, so tough luck (in a nutshell). So the loss stands.

There remains the question as to why if the price was ā€˜correct’, why did they immediately shut off the service and not reopen until it was almost double the price. It’s one of those where they’re just going to stick to the same line though and show price screenshots which really don’t address the issue.

The loss was not anything significant. Knowing they can do this, I haven’t touched their CFD product since and won’t again. It’s a shame really as their loss will end up greater than mine (I’m terrible at CFD’s but just do it for a bit of fun).

Anyway, onwards and upwards!

Tal

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unprofessional and dodgy (judged on above information), you’re kinder than me for sure!

@Talbotsunbeamer Hi :wave:

CFDs work in the following way:

  1. Price comes in -> orders executable for X minutes, that’s the price validity.

  2. No price comes in for X minutes -> instrument suspended until there’s a new price.
    We didn’t lock the instrument, we just didn’t get new prices for the CFD, which automatically suspends the instrument. I understand the price validity doesn’t provide the most seamless trading experience, so we’ll be removing that feature in the coming months.

So unsettling to read this reply.
Allowing instruments to be purchased by a retail trader, when its only available to professional account holders (outside of T212), then purposely stop a customer from closing their position, and state this is a feature.

PLEASE share these times @david that CFD users can purchase these new IPO’s at the alleged opening price so we can all take advantage? as clearly its not a technical error by T212 IT staff, it’s a feature!.

whatever next, glad i’m in this forum.

Thanks @Hectares - I’m glad i’m not alone in feeling a little aggrieved here!

@David I appreciate you taking the time to reply. I’m sure that you have technical justification for the price suspension but considering all the circumstances (it wasn’t open to retailers at that time and then saw an instant suspension with massive price swing), I just feel there’s a greater issue of goodwill here.

Again, thanks for the replies.

T212 will not reply with a time we can purchase new IPO’s before it opens to retail customers even though implied its a ā€œfeatureā€ because its not suppose to exist… waiting for a reply saying the feature has now been made unavailable so dodgy lol

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Anybody who works with software or IT knows that ā€˜feature’ is just code for ā€œwe don’t know how that got there but if we touch it, everything will break, better keep it in.ā€

@obrienciaran In this case, it’s a risk management tool, we’re not removing it immediately because it servers a purpose.

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I’m just joking, don’t worry!

I will say that I had a CFD trade on a year or 2 ago and I was stopped out. The price never hit the SL target. When I contact support I got some excuse about the bid and ask price etc, but the bid ask was not close to the target SL.
I remember taking screen shots etc and T212 support were suggesting to refresh the broser, assuring me the price did indeed hit the SL. And all of a sudden the new chart on the browser shows the price hitting the SL, the one s screen-clipped on the same time frame was at a totally different price on the same bar.

I like T212 for the investing side, but I do not trust the CFD bit at all. I’ll dig out the screen shots in question.

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