How do I get Facebook IPO at initial offering price ?

Quote from trader12:

After serious consideration of getting all kind of criticism & insults & may be more I have decided to post this question anyway.

I would like to get Facebook IPO at the initial offering price. Currently I am a beginner & don't have a trading account with any firm.

I have some savings & I am willing to take risk, upto $50,000.00 but only in Facebook IPO & nothing else.

I would like to grab as many shares as possible & turn arount & sell them right away whether I have a profit or loss.

I think some brokers would like to have a new account & would be willing to give me few shares at offering price ?

Here are the questions :

(1) Who should I open account with so that I can get some shares at initial offering price ?

(2) Can I open several accounts say of $10,000.00 each with different brokers & that way maximize my share volume ?

(3) If I do get some shares & sell them the same day or within few days, do I get a bad rating next time I want to get another IPO ?

(4) Do I have enough time to open an account with one or more brokers ?

(5) Names of brokerage firms who are in a position to allocate shares of Facebook IPO.

(6) All the Pros & Cons of this strategy.

Thank you in advance.
More...


50K: I'd buy a few shares every week until the 50K was spent. Or wait until FB has built it's first base...could be 40,50, or 30...who knows...

Look at a few highflyers of the past, and how it traded...AAPL, GOOG, AMZN...FB is over-hyped (if you ask me), but that's what it's all about...Get the public suckered in.

Not so sure FB has figured out how to make $$$ off all those people telling their "friends" what they're having for dinner ;)

I don't have an account, and don't plan to.

PS BTW, why only FB? Are you so sure they'll go the way of the AAPL's, GOOG's, AMZN's? Will be a hot IPO? Yes, for the early investors...and maybe for the public...But, ask yourself if you can afford to wait for years...to get back to breakeven, or start making $$$. Good luck.
 
Quote from doublet83:

The right way to think about these ipo allocations is that they are basically a commission rebate.
More...

This is exactly right. They are basically a perk. Big money clients pay out the nose in fees and this is one of the benefits. They are not paying 6.95 a trade.
 
There was some talk on the inter webs of FB making a small allocation available to small investors. Haven't been able to substantiate that rumor though.

If you all really wanted it, the way to get it was to have someone who has access to SharePost to get 100k then split it up amongst yourselves.
 
I don't like IPOs, it's like 99% of them are for fools and hard to short them too because the short squeezes are intense.

I rather wait for market pullbacks and buy proven high quality stuff like IBM, AAPL, etc.

IPOs just too risky unless you into buying puts.
 
You must log in or register to reply here.
Back
Top