I get it, OK. I understand why the Snowflake IPO has gotten even the most seasoned investors riled up. Hell, earlier this month, the Warren Buffett said he was planning on investing more than $550 million in the company on its debut day.
Of course, Berkshire Hathaway Inc. (NYSE: BRK.A; NYSE: BRK.B) got in at far less than what average investors paid...
I also understand the appeal of a cloud-based company and its limitless data approach.
HOWEVER, I have a couple of issues I'd like to air out, and I think you need to hear them.
Listen to this: The average price the institutional investor got into Snowflake as low as $5. On the very first day the stock was available to normal investors, the price was around the $240 range and traded up to over $300 per share.
That means those big players are getting in at $5 a share, and potentially selling to you at $240 or $300 a share.
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