Watch out, Dec 12-13 FED will increase 0.25 rate, it is expected. I just sold some stocks today keep it in cash position, profit taking, in case market falls ! Sometimes market react opposite, go up after the FED rate hike !
When Apple bought SIRI, I thought Apple would go big in voice search. Nothing of that happened. I have no data but believe AMZN and GOOG could have poached most of these SWEs at very high pay. Anyhooā¦ GS is pumping voice Hopefully SYNA is a big winner
I have my IB account setup so short sellers can borrow my shares. Iām surprised it hasnāt happened yet given I own UBNT and SHOP. I wouldnāt mind getting paid the extra interest for owning the shares.
My nervousness with UBNT is one of the Grizzlies minority owners triggered the buy/sell cause. That gives Pera 90 days to negotiate a buyout which ends in January. If they canāt agree on price, then the minority owner names a team valuation. Then Pera gets 60 days to decide to buy him out at that valuation or sell at the same valuation. Iām pretty sure heād have to sell some of his UBNT to buyout the other minority owner. Who knows what sort of loans are available at that level, so maybe he wouldnāt have to sell stock.
Pera owns 25% and there are two minority owners that own 14%. At a $1B evaluation, heād have to pay $140M to buyout one and maybe $280M to buyout both minority owners. I guess UBNT is up so much, heād only have to sell 7% of his stake which would mean heād still own 65% which is still an easy voting majority. The risk is probably smaller than I thought. It was a lot bigger back when the stock was in the $40 range.