Month: June 2021

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Trading Ideas

Understanding Share Allotment

June 29, 2021 admin Comments Off on Understanding Share Allotment

If you follow a company’s financials, you might see instances of share allotment in its SEC filings. What is share allotment? In simplest terms, it’s the creation of new shares by the company, issued to new or existing shareholders. The total number of shares and their structure constitute the allotment.
The allotment of new shares comes with a wide array of implications for the company and shareholders alike. In some cases, it’s seen as a positive move; in others, it’s viewed negatively. The context of when and why the company creates new shares matters, as does the total number of …read more […]

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Floki Crypto: How to Buy It and Why You Probably Shouldn’t

June 29, 2021 admin Comments Off on Floki Crypto: How to Buy It and Why You Probably Shouldn’t

Well, Elon did it again. This time the crypto crusader and CEO of Tesla sent the value of an off-the-radar token soaring without even calling it out by name. This time it was Floki crypto that went positively parabolic after he tweeted that he’d be naming his dog (a Shiba Inu, of course) Floki.
The tweet immediately gave a small bump in value to Dogecoin. This is most likely because its mascot/icon is a Shiba Inu. For a refresher, Dogecoin peaked earlier this year leading up to Elon Musk’s appearance on Saturday Night Live… Mostly just because he’s stated that he’s …read more […]