With each price increase, from $60.00-$66.00 to $66.00-$68.00 the less "juice" there will be in the pricing to the opening print. Your best chance for an allocation is to put out the cash and do some trades with your broker by Thursday!
As with (almost) all IPO's post 1990's bubble, I'd recommend waiting on a buy until all the premium traders are done giving us their lost exuberance and buy it at the price the stock is worth, 10-20 days after the iPO.
This is a good stock worth every penny of its current overprice, but when you can buy it for 20-30% cheaper in a few days and still reap the same benefit...
Heck if you're balls'y, short it at open and buy it back in a few days in a reversal.
Its not going to open and go to 130%+ like the old days, the placement of IPO's is too "perfect" now, let the negative sentiment push the value to where its worth and then buy it after the position traders have had their say.
Just my 2 cents...
The following user says Thank You to Zxeses for this post:
Well they specifically chose NYSE over NASDAQ because of the FB fiasco, and even though NASDAQ assured them they solved all the issues, they didn't want to risk it. So obviously NYSE has their work cut out for them. I would expect a seamless open.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 2 users say Thank You to Big Mike for this post: