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Friday, June 21, 2019

DID TOM K BUY SLACK STOCK (NYSE: WORK) ON DEBUT YESTERDAY?



Dear readers, as someone who has his eye on international stocks, Slack Technologies (NYSE: WORK) direct listing on the US stocks yesterday has definitely garnered some attention from me. Though analyst reports over the internet are generally bullish on Slack stock, when it comes to using my hard-earned monies for investment, it is most important to do due diligence on stocks of interest.

After analyzing, I realize that it is best for me to stay clear of Slack Technologies stock though its business model is of a little interest to me. The reason? Well, Slack Technologies debuted on NYSE yesterday via a Direct Listing and not an IPO. And I am really not too sure of the dynamics behind a Direct Listing.

As the saying says, stay away from something you are not sure about and come back another day. The market is always there. STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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