SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CNQR - Concur Technologies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: 4 - Bob who wrote (42)12/16/1998 4:22:00 PM
From: Kimberly Lee  Read Replies (1) of 374
 
I asked for 1000 shares of CNQR at the offering price but received only 200 from etrade. Obtained another 300 shares from my other full service firm so I am holding a total of 500 shares at 12.5.

Unlike in the second and beyond market, it ALMOST NEVER pays to enter a limit order for an IPO when one indicates interests in syndicate allocation. In all my IPO plays this year (VRSN, BRCM, GCTY, EBAY, TGLO, UBID, XMCM, ABOV and now CNQR -- these are the ones that come to mind right now), it has always been an auspicious sign when the final premarket offering price considerably exceeds the earlier proposed range because it implies oversubscription and thus enthusiastic institutional demand for the issue. Setting a limit order runs counter against this logic.

In aftermarket trading, however, using limit orders to bid for the issues would be essential. I am still wondering who on this earth were placing market orders to buy TGLO right at the open.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News