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To: Zoso_17 who wrote (2762)	5/22/2012 7:03:53 PM
From: Flipper2058	2 Recommendations Respond to of 3249

Re: re FB - interesting to see so much blame for the FB IPO but is Mo ""I think the IPO buyers are technically supposed to wait 30 days...or at least they discourage people flipping them on first day"" This is retail BS put in a dozen years ago for show. Institutions have no rules. Retail firms will say this to get better allocations from the underwriter. IN reality....it is illegal (IMHO) and friends of mine have fought the 2 tiered rule system (retail versus institutional)... Is it in the prospectus? no....SEC rules? No.....just BS stuff to show FB that they put into "real" accounts. How they can actually block us future IPO's would be curious to see in court. It wouldn't hold a chance. Just remember these are the same guys (all B/D's) that spent 40 years as NASDAQ MM firms that settled out of court for known price fixing. It was a $4b settlement and they were extremely lucky it was so cheap. They made $4b in a year in screwing us. The suit was brought from CBOE traders frustrated at being screwed by not allowing them to split spreads with limit orders. In other words NOT by the SEC/NYSE and other "governing bodies". I will spare you going on a lot longer on what went on here...it is incredible how ugly it all was....and STILL is on the bulletin board. These guys make rules to suit them and everyone things they are laws!!!!

To: Zoso_17 who wrote (2762)	5/22/2012 10:23:32 PM
From: XoFruitCake	Respond to of 3249

Re: re FB - interesting to see so much blame for the FB IPO but is Mo I think the IPO buyers are technically supposed to wait 30 days...or at least they discourage people flipping them on first day Fido is 15 days, TDA and Charles S is 30 days . But all they do is take you off the IPO list for the next 6 month for the first offense and 1 year the second offense.. I am with Fido for about 10 years and this is one and only IPO I participate in. The penalty does not seem to excessive..