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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (7393)5/3/2007 10:33:05 PM
From: RockyBalboa  Read Replies (1) | Respond to of 9012
 
I also got my highest bid fully allocated. Other bids 0 of course.



To: Moominoid who wrote (7393)5/4/2007 8:34:04 AM
From: sams291  Respond to of 9012
 
makes sense, they wouldn't have allocated less than 100 shares as that would be an odd lot. however if you had bid for say 5000 shares, i think you would have only gotten maybe 500-1000 shares. i don't know exactly how they worked the allocation, but i suspect that if you were considered a retail account, you got proportionately much less than an institution... that's typical because they want to encourage a base of solid large long term holders... most retail guys flip their stock in the first 48hrs...

as for first day trading... i'd sit tight on this for a couple weeks for maximum effect...when it becomes marginable in 2 weeks, the stock should get another leg up.