Tenchusatsu:
Re: Pardon me for being slow on IPO, but how would I be able to get a piece of the Red Hat IPO action?
Red Hat is going to be very hot, IMO, but nearly impossible for the small investor to get in on at the IPO price.
Schwab Signature customers can get 100 shares (rarely more) of some fairly decent IPOs (Perot Systems, Allaire, Infospace.com, Intraware, Rowecom, Razorfish all had 100%+ gains after 30 days, when you can flip the shares). This has been a nice perquisite of being a Schwab customer, but alas everyone and their mother now bids for the shares, and I've been shut out of the last five offerings. BTW, Schwab uses the lottery system, not First Come, which I also agree is the fairer way to do business.
If it's any consolation, since Intel owns part of Red Hat, you're already a owner at much below the IPO price! Good luck.
Adam |
