Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : coug's news and views -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (245)	11/17/2005 2:51:51 PM
From: manalagi	Read Replies (2) \| Respond to of 3961

I am so frustrated with the IPO I got: Intercontinental Exchange (ICE) was IPO'ed at $ 26. Went up as high as $ 44, now down to $ 36. If I sell before 30 days, it will considered flipping and won't be eligible for another IPO for 90 days. If the trend continues, I will be banned from participating future IPO's. The bizarre thing is that the broker is not responsible for any loss resulting from holding the IPO for 30 days. On a regular trade, I would have sold that baby when it hit $ 40. But now holding, and holding. Why? Because I am hoping to get allocation tonight for Under Armour which will be priced at $ 12/share. If I get allocation for UARM, the heck with the rule. I'll take profit. What a silly IPO rule. I thought that getting allocation for IPO is a "thank you" note from the broker.