Brad,
Just remember that I like you as I/we proceed here...you make it sound so simple{sm2}...this observation of yours:tongue: Here is my oBsErVation'S as the actual real life event's unfolded...
1) Everyone and their mother, friend, co-worker wanted some pre-IPO stock once news became public months ago. (of course not you because you knew about the lack of tangibles and what the real potential or direction is
sarcasm here and of course this having a risk
laughing here)
2) Best I could find was $200K buy in (pre-IPO)
3) ahh $200K was more than I could do!
4) I place an order for a measly 40 shares @ $40 on opening day and from here is where it all becomes a conspiracy, or should I say a blurry scam as what may be taking place behind the scenes (and oh yes I feel like a gulible sucker at 10 minutes into the trade)
5) Once the order is placed I sense the order isn't going to be filled ( I mean my observation is that it won;t be filled^&grin)...especially once I see the stock take the sharp u-turn back to $38 or so and my order is sitting unfilled at $40{eek3}...so I decide it's time for order modification and I'm willing to take some at $38 and place a change order to the $38. This is the point in my (observation) where things really get cookin. Once I place the change order it became a
pending change order...for an hour I might add
I lose my patience and get frustrated
and now decide to do a cancel order...I'll show them say's the gulible one (me) :redface2: Well...that didn't go so well either as the change order became
pending all day{eek3} Once the market closed the order fell back 30 minutes after the market closed to the original open order. So now there is a real issue...market is closed...it's Friday...and my order is open...which means come Monday I'm in the hands of the vulcher's with zero control over my money...this is certainly not a normal position and one I have never expirenced. COme pre-markeyt Monday I'm on the phone doing what I can to force a cancel (which I manged to accomplish) Now I'm nuetral and feeling better.
6) My final observation...o.k thought! Did the MM's even have shares to sell??? (please don't nobody chime in here and say regulation requires them to have some for sale...LOL!) Was the demand so much greater than the selling pressure then what they had predicted??? Since orders wern't being filled...then to me that equates to shares not being available. Their reasoning was too much volume which I say is hogwash...actual trading volume was around half a billion (573 million)...BofA has traded numerous day's with 1 Billion plus volume and didn't have a traffic jam...hmmm? The only ones left here are called bag holders, who will become the seller's because the buyers are soured and won't touch this again until the low 20's maybe high teens...I understand the institutions are going to have some buys sitting at $30 and $25 but that is all assuming they haven't already altered their own buy in points lower because of this mess?
Brad...all I need to know is that Mark Zuckerberg is smarter than you an me because we would have took the $$$Billion dollars offered years ago...right? But he didn't because he knows more than we do...with that said I will ride this company with a small investment $2-10K. For me any point into here is a fair chance but as greed will be I will try to aquire it at what appears to be a much lower entry point...had things been less fraudulent (that's what I'm calling it) then $40 would have been a fair entry for a flip and re-entry later for another flip before the December bomb!
The Financial Wizard!
"My signature is so wrong for this event/post that I may just need to change it!"
