 No, no, no, no, no, no, this is crazy. What's up, money geeks, Mr. V here. Welcome to another video, guys. So into this video, we are gonna take a look at Snowflake. This IPO started trading yesterday in the previous video that I did prior to that IPO. I told you guys that I was all in. I wanted to buy these from the get go. But man, I gotta confess, the price that was, you know, initially started with at $110 before the IPO actually started trading. The price was up to $270, which was way too much for my comfort. So, but before we get started, guys, if you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So this IPO, Snowflake IPO started trading at NASDAQ. And I looked at it, I was like, whoa, whoa, wait a minute. What is going on here? I mean, they, initially when they filed to the public, they had put their price, you know, their price was shared about $85. And then less than 24 hours to the IPO actually started trading on NASDAQ, they amended their S1 filing and changed their price to $110. That's about a 30% increase. And that is just based on demand, based on speculation, how people were talking about it. And then by the time the IPO actually opened up and started trading, it was $270, which I'm like, whoa, this is way too much for my comfort. And I'm like, no, I'm not gonna pull the trigger on this one. And you guys know, like I said, I talked about it, I was super excited about it. But at that price, I was just not gonna do it. So I said, I'm gonna wait for a pullback before I'll get in because at that price, you know, this excitement is gonna go up fast. If you did trade it, if you can go in and out of school, but if you wanna buy it and hold it, you have to wait for a pullback. We have the presidential election coming up. There's other factors that can potentially push you start to do a pullback. But all of that didn't have to happen before. Just yesterday, immediately after going and hitting $319 for a high, this stock pulled back all the way to like $230. So it's like, what is going on here? So if you had bought it at that initial price when it popped out of the gate at 270, it was down almost $40 already in less than an hour of trading. So again, this is a situation where the institutional traders make a ton of money and me and you that are just average people go in and lose money. Because they're the ones that were buying this, the IPO even before they started trading. They were the one pushing up that price. So as soon as the IPO gets started trading like that, they are just waiting for you and me to buy at that price and they're taking their profit. As soon as they're taking the profit, that's when you see the price dropping down significantly. And so right now the price is under $200 and I think $220 something dollars. So this is from a high of 319 straight out of the gate. So you tell a company that went from maybe about a $30 billion valuation to trading at about $50 or $60 billion and then pull back to like, I don't know, $40 billion. Man, that is so much of a swing. And that's the thing that we've seen with these tech stocks. So here's my take, wait for a great opportunity to get in. The market is there and the market is not gonna go away. I mean, you would come and go but the market will stay. So if you keep rushing and getting in, that's where you get burned. If you bought at $270, then you're gonna have to sit there right now and just listen to cricket all day until this thing finds a way to bounce back and get back to getting you even. And they're hoping that you would make more, it would get some growth. I know this stock is gonna grow, but do you wanna wait and sit there for that growth or do you wanna buy at the bottom and watch that growth? That's something that I wanted to talk about it because I said I was gonna buy this but again, I didn't buy it and that's a confession and I wanna kind of let you guys know that yes, I didn't follow through because my price target was 110 but it went up to 270 to open up. That is way too much stress and I wasn't ready to do that. As you can see, the numbers right now just are in my favor. So that is something I just wanna talk to you guys. So be very, very careful again. We've seen some pull back and so just wait, wait until it pulls back to the point where you feel comfortable. Don't rush it. You're thinking you're gonna miss out. FOMO is one of the reasons why a lot of people lose money or you go into a trade and then sit there and wait for two, three months before you can even get that break even. So don't let the fear of missing out get you. Just be patient. If you have your money, hang on to that money and wait for a right opportunity to jump right in. So that's what I wanted to share with you guys about this. Let me know in the comment section, did you buy Snowflake at the IPO price or did you say that was too expensive for you? And if you bought it, what is your game plan? Are you gonna sit and wait for the long run or are you gonna cut your losses and get out? So hey, let me know in the comment section again. If you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. If that's something that interests you, go ahead and hit that subscribe button and your notification bell too. You don't miss out on new content. Also, if you're looking to get started with investing, right now, Weibo is doing a promotion where if you sign up and deposit $100, you get one free stock and also you get access to level two data which helps you with day trading. So, level two data gives you access to the beat and ask of her stock so you can make a decision when to get in and when to get out from a stock. So definitely check them out. Links in the description below and as always guys, stay motivated.