P2P Lending / NFT Lending Forum

Lending Club Discussion => Investors - LC => Topic started by: rrsafety on December 10, 2014, 11:00:00 PM

Title: STOCK PRICE TALK: Opened at $24.75
Post by: rrsafety on December 10, 2014, 11:00:00 PM
Renton on Twitter:
The open for @LendingClub is indicated
at $20 - $22 #lendingclubipo open for
trading very soon
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Theta on December 10, 2014, 11:00:00 PM
indication now 21-23
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Kombinator on December 10, 2014, 11:00:00 PM
where are you guys seeing this?
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
search "$LC" in twitter
Title: STOCK PRICE TALK: Opened at $24.75
Post by: LoanWolf on December 10, 2014, 11:00:00 PM
$22-24 says CNBC
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Peter Renton
‏@LendAcademy

The excitement is building here. $LC now indicated $22-$24. Holy cow! #lendingclubipo @LendingClub
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
did it just open at 24 ?
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
no open yet.  Indicated at 23-25 now.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: yojoakak on December 10, 2014, 11:00:00 PM
Did Laplanche get to ring the bell?

Where can I find a pic?

UPDATE: Here you go, skip ahead to 3:30

http://new.livestream.com/NYSE/lendingclub
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Now $23-25
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Fred on December 10, 2014, 11:00:00 PM
The US stock market just had a 3-day selloff, so traders are hungry today.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
from: yojoakak on December 11, 2014, 10:31:14 AM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: core on December 10, 2014, 11:00:00 PM
Unfortunately I don't see Stephanie in that photo.  The guy in the back looks like he got into the sauce a bit early this morning. 
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
Opens at 24.75.  5,759,264 shares
Title: STOCK PRICE TALK: Opened at $24.75
Post by: stanny2 on December 10, 2014, 11:00:00 PM
Out at $25....maybe a fool for not letting it ride, but been burned before acting greedy.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: avid investor on December 10, 2014, 11:00:00 PM
So, all of you folks that are anxious to sell and take a quick profit, why not at least wait the 3 weeks until 1/1/2015?  Sell now, and you not only will pay income tax at regular income rates, you also will get to pay that with your 2014 taxes.  At least if you wait until 1/1, you won't have to pay until 4/15/2016.  Of course, if you wait until 12/11/2015, you can pay at the capital gains rate, too, rather than the regular rate.  Just something to think about.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: lukkertin on December 10, 2014, 11:00:00 PM
from: avid investor on December 11, 2014, 12:20:15 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
from: lukkertin on December 11, 2014, 12:22:05 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
from: avid investor on December 11, 2014, 12:24:11 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
from: lukkertin on December 11, 2014, 12:28:24 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Booleans on December 10, 2014, 11:00:00 PM
from: avid investor on December 11, 2014, 12:29:39 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 10, 2014, 11:00:00 PM
from: Booleans on December 11, 2014, 12:34:51 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: yojoakak on December 10, 2014, 11:00:00 PM
from: avid investor on December 11, 2014, 12:20:15 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: kitono on December 10, 2014, 11:00:00 PM
Unfortunately I was only given 150 shares but I got out at $25  8)
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TonySaunders on December 10, 2014, 11:00:00 PM
Someone with experience, help me out here:

I got 250 shares. I don't know much about investing in stocks directly and I want to sell them.

I transferred money to my Fidelity account, but the transfer isn't final yet. Can I sell the shares immediately without invoking a "Good Faith Violation"? And what are the consequences of that, anyway?
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Half Right on December 10, 2014, 11:00:00 PM
tes you can sell immediately.

You can use the Capital gain on the sale to offset the capital losses caused by LC write offs of investors notes. Its a win win
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Unfolder on December 10, 2014, 11:00:00 PM
I'm taking out a 35000 dollar loan to buy LC shares fue fue fue
Title: STOCK PRICE TALK: Opened at $24.75
Post by: PennySaved on December 10, 2014, 11:00:00 PM
from: Unfolder on December 11, 2014, 03:13:04 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Dna2rna on December 10, 2014, 11:00:00 PM
For all the people that were getting the error message.

I was as well when trying "sell all shares" option on the order screen.  If instead you type in 250 shares it went through
Title: STOCK PRICE TALK: Opened at $24.75
Post by: rawraw on December 10, 2014, 11:00:00 PM
from: Unfolder on December 11, 2014, 03:13:04 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: core on December 10, 2014, 11:00:00 PM
Quote"> from: TonySaunders on December 11, 2014, 01:42:54 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Fred on December 10, 2014, 11:00:00 PM
Quote"> from: avid investor on December 11, 2014, 12:20:15 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: VirginiaBob on December 11, 2014, 11:00:00 PM
from: Fred on December 11, 2014, 10:19:38 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: avid investor on December 11, 2014, 11:00:00 PM
from: VirginiaBob on December 12, 2014, 04:15:21 AM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: rrsafety on December 11, 2014, 11:00:00 PM
LC up a bit on the open.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: BruiserB on December 11, 2014, 11:00:00 PM

Quote"> from: avid investor on December 12, 2014, 08:33:08 AM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Unfolder on December 11, 2014, 11:00:00 PM
LC showing resilience on a down day, I like it. How long will we get an irrational exuberance premium?  :P
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
I'd rather have my defaults give me a $3,000 tax deduction than have those losses wiped out by offsetting them against the gains sale of LC stock.

Why sell instead of just utilizing a trailing stop loss order?  Do you live paycheck to paycheck and absolutely need the money right now?  Not me, I plan for the future.

The way I see it is that on Dec 10th, I made the decision to risk $3,750 on this company.  A lot of people were saying to pass on this loser IPO since it was overvalued at $15 (versus the original $10-$12 range, which was still overvalued).  I disagreed and stood by this company.
On Dec 11th, after open, I put in a stop loss order at $22.00, locking in the original $3,750 I risked plus an additional $1,750 of profits.  So the only money left that I am risking is additional money gained.  Currently the share price is about $24.50, so I am only risking 250 x (24.50-22) = $625 of found money.  If I was willing to risk $3750 of my own hard earned money on this company, I certainly have no problem risking $650 of found money.

I'd suggest being patient and putting in an appropriate stop loss order unless you need the money right now.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: brycemason on December 11, 2014, 11:00:00 PM
I'm happy for people who are enjoying the ride, but I have to think that LC wouldn't willingly let so much money stay on the table. Why not have $1.5B or $2B in the coffers? The underwriters probably had some of the best people in the business trying to value the company and put a fair price tag on it. That's $15, up given the significant investor interest. With a +60% valuation in one day, so much future growth is baked in that I don't at all blame people who got out at the open. It could stay there for months; it could drop down tomorrow. It's impossible to say. Unrealized gains are opinions.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
from: brycemason on December 12, 2014, 12:36:29 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
Quote"> from: VirginiaBob on December 12, 2014, 12:26:31 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
from: VirginiaBob on December 12, 2014, 04:15:21 AM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
from: VirginiaBob on December 12, 2014, 12:26:31 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: rocco.g on December 11, 2014, 11:00:00 PM
from: VirginiaBob on December 12, 2014, 12:39:04 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: TravelingPennies on December 11, 2014, 11:00:00 PM
from: rocco.g on December 12, 2014, 10:28:19 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: rawraw on December 12, 2014, 11:00:00 PM
Quote"> from: brycemason on December 12, 2014, 12:36:29 PM
Title: STOCK PRICE TALK: Opened at $24.75
Post by: JoeB on December 13, 2014, 11:00:00 PM
My philosophy is simple regarding holding or selling:
1) No one ever went broke taking a profit
2) A fast nickel is better than a slow dime
3) When in doubt, pass

And, as for my decision on whether or not to hold LC stock...
1) No one ever went broke taking a profit especially 66% in 2 hours
2) $2500 in 2 hours beats $5000 in 12 month IF it happens
3) I don't know if I should hold so I passed

Point being: LC was up big time when the rest of the market was in the tank this past week so... I feel it's enthusiasm fueling the market and what goes up usually comes down. I'll wait for the downturn or inevitable drop then buy in. And if I miss it, so be it. That $2500 will be earning for me so it's a wash and safer selling.

That concludes this episode.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: wiseclerk_com on December 14, 2014, 11:00:00 PM
Currently at $27.5
Amazing.
Title: STOCK PRICE TALK: Opened at $24.75
Post by: Unfolder on December 14, 2014, 11:00:00 PM
Hopefully they'll do something with all this momentum. Would be great to see their first report wildly profitable with 100% revenue growth.  ;D
Title: STOCK PRICE TALK: Opened at $24.75
Post by: VirginiaBob on December 14, 2014, 11:00:00 PM
Bumped up my stop loss order $2 today.   The order was getting pretty close to executing (about $0.50 per share away).  It appears the shares are up about $0.50 in after hours trading, so we'll see what tomorrow holds.