Tom, Any chance your brokerage could be persuaded/ forced to revoke one of your trades due to the massive problems they had with these trades? Just askin!
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Facebook (Meta)
- Thread starter clester
- Start date
Tom, Any chance your brokerage could be persuaded/ forced to revoke one of your trades due to the massive problems they had with these trades? Just askin!
James48843
Well-known member
I sold Google a few days after its IPO and regretted it. I just don't know if I have it in me to hold long-term - especially since the world is going bancrupt.
Hey- that's ok. I heard the world is going to end on December 21 anyway, so it's not like you'll need the money or anything.....
I called to see what they had to say, but it was partially my fault for going in after hours and buying because I did not get confirmation yet.
If I thought for a second that if the stock opened up 10% instead of down, that I would have also complained... maybe. But I can't say I'd be that honest. I still take karma into consideration.
I called to see what they had to say, but it was partially my fault for going in after hours and buying because I did not get confirmation yet.
If I thought for a second that if the stock opened up 10% instead of down, that I would have also complained... maybe. But I can't say I'd be that honest. I still take karma into consideration.
You're an honest man Tom! I had a similar event except it was on the sell side. I also let it go. I waited and bought back when the price dropped. It worked out for the good. Believe it will work out for the good for you too. JMHO
berline
Member
Brutal. Have your come up with a plan? just ride it out or is there a stop limit in place?
Thanks. Well, it doesn't look like it is going to hit $50 during the first week, like I had thought (although we do have 3 more days...
The trouble is my double fill on the order, and the fact that this trade may turn into a longer hold than I would have wanted. My average price is $38.15 so I'm not dead yet. The other problem is, today's gap down makes $38 a tough nut to crack on the way back up. All of the IPO buyers are stuck and may sell once they get even.
I sold Google a few days after its IPO and regretted it. I just don't know if I have it in me to hold long-term - especially since the world is going bancrupt.
It's getting a little embarrassing. I'm stuck until Wed. at least because of the 3-day settlement rule, but I don't think I would sell all of it at this price. Like I said, it may have to turn into a buy and hold. Their first public quarterly report may be the timeframe now for me.
At this point there will be line of folks looking to sell at $38 - $42 - where a lot of people bought the IPO and first day of trading and created an open gap, so I think there will be a move back up there, but that may be a brick wall to get over. But it it does get over that level...
FishSqueezer
Member
From Reuters via Daily Ticker:
"Facebook bankers secretly cut Facebook's revenue estimates in middle of IPO roadshow"
If true, big troubles a-brewing!
"Facebook bankers secretly cut Facebook's revenue estimates in middle of IPO roadshow"
If true, big troubles a-brewing!
The saga continues...
Out of the blue, I got a call from Scottrade telling me that they may be able to cancel my second / duplicate order, and wanted to know if I was interested. I said sure. They have a conference call with the Nasdaq where they will be discussing it and get back to me. Huh! I didn't see that coming. Must be that karma thing.
Out of the blue, I got a call from Scottrade telling me that they may be able to cancel my second / duplicate order, and wanted to know if I was interested. I said sure. They have a conference call with the Nasdaq where they will be discussing it and get back to me. Huh! I didn't see that coming. Must be that karma thing.
I had heard in the middle of the day on Monday that some investors still had not heard if they had bought it or not. Crazy.
James48843
Well-known member
Yahoo shows that facebook dropped to 23 at some point this morning, before edging back up to 32. Does that make any sense?
Intrepid_Timer
Well-known member
With Facebook up this morning, any chance those that invest in it could be considered the dumb money and as such, could it be considered a contrarian indicator? Nothing personal mind you...........:toung:
Just a follow up - I woke up today and Scottrade had cancelled one of duplicate purchases of FB. That added about $7K to my account. I am pretty surprised, and pleased with their efforts on this. Remember, they came to me about this. I originally wrote this off as my problem. Nice job Scottrade!The saga continues...
Out of the blue, I got a call from Scottrade telling me that they may be able to cancel my second / duplicate order, and wanted to know if I was interested. I said sure. They have a conference call with the Nasdaq where they will be discussing it and get back to me. Huh! I didn't see that coming. Must be that karma thing.
James48843
Well-known member
Sounds to me like Scotttrade is trying to do damage control.
Did you see this?
That story is over on Yahoo.
A lot of people not happy with how FB launch went.
Fury Over Facebook IPO Grows, Lawsuits Mount | Breakout - Yahoo! Finance
Did you see this?
That story is over on Yahoo.
A lot of people not happy with how FB launch went.
Fury Over Facebook IPO Grows, Lawsuits Mount | Breakout - Yahoo! Finance
Minnow
Well-known member
Now, you will be demonized in the media as a "rogue trader" that started the cascade downward. You'll be famous!!!:laugh:
Viva_La_Migra
Well-known member
Now, just pretend you're Birchtree and hold your position during the current storm of controversy. In fact, you'll be able to pick up a few "wall flowers" now that the price has dropped a bit and charge ahead soon enough. Snort!
I see some of these folks as whiners. Unless the problem was in the ordering, I don't see where people have a complaint. Some IPO's go up, some go down. There are no guarantees. If people couldn't sell on Friday, I can see that as an issue. But we all knew the deal going in (for the most part). No one put a gun to the head of these people to buy. Many here (TSP Talk) were skeptical and a lot smarter than I was about this. I thought the negative hype was overblown, but as you can see by the poll results, 90% figured this was a dud before it began trading.
My problem was the order screw up where I got twice the shares. It had nothing to do with my ignorance of facebook's value.
The man who took down facebook.
Similar threads
- Article