baidu

At the risk of sounding juvenile and/or asking a stupid question, what do you all think will happen with it on mon? I mean, the indicators are there that it will hold up, but then again... I've already taken all my shares out, but am curious.
 
pure speculation about today's action:

I think day traders are going to be all over this thinking it will move like friday (not neccessarily in the same direction or all in one direction). This will make it hard for institutions to find a decent buy point until the waters settle. I'm sure there will be hella VIX on this particular issue.

School starts for me today, so I can't trade! :'( Oh well, at least I'll learn fundies more!
 
One of the guys who sits near me was scalping that thing the first 2 or 3 hours and makin good money (around $15k) until he bought 1400 shares at around 147,or something like that, and sold around 130 or so a little over 1 minute later. I couldnt help but laugh only becasue he was so happy he got some at 147 . He was telling everyone that "Once it breaks $150 it's gone. Better get it why you can".

This stock is a straight up Gamble right now. Just go to Vegas and at least get some free drinks
 
Quote from SwingOutOn5:


I think day traders are going to be all over this
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Seems to be the case. It's up $12 in the pre-market, as of 8:07. Resistance seems to be at $135.
 
Quote from ifinitis:

As I understand it that is correct, the brokers should actually have the shares on Wednesday so they can loan the owned shares out to short.

I agree, no broker will loan the shares out pre-maturely, at least no sane one would.
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IPO's are not shortable for 30 days. They can't be margined so they can't be loaned out.
 
Quote from spreadgod:

IPO's are not shortable for 30 days. They can't be margined so they can't be loaned out.
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Stick to spreads, god.

You are , in a word, wrong.
 
Quote from ssternlight:

Correct me if I am wrong, but I don't believe shares are available to short on the first day of trading...
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mayby that's a good thing, especially with the way things turned out.
 
Quote from 2yearNewbie:

One of the guys who sits near me was scalping that thing the first 2 or 3 hours and makin good money (around $15k) until he bought 1400 shares at around 147,or something like that, and sold around 130 or so a little over 1 minute later. I couldnt help but laugh only becasue he was so happy he got some at 147 . He was telling everyone that "Once it breaks $150 it's gone. Better get it why you can".

This stock is a straight up Gamble right now. Just go to Vegas and at least get some free drinks
More...

so,
uh,
is he still sitting next to you? :D
 
Have you ever seen a guy just get down on all fours and wretch?

I have, and it's a lesson I never forgot. Man, he had breath that could knock a buzzard off a meat wagon.

Remember Charlie Postelwaite in "Open Range"? Says, "some things knaw on a man worse than dyin'!"

Well, losing your ass is one of those things.
 
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