I`m sorry for you really, I`m out this morning with a $995.16 loss because I had only 100 shares
Purchased at $40.00
& sold with stop order at $30.35.
IMO, there is no way
that I could come out even again! Spiro
I also bought 100 shares but I waited until the Monday after the IPO, so got in at $33.20. When i realized thst sp was continuing downward I sold a few days later st $32.01. So I lost $119 (plus 19.90 in Ameritrade comissions). I should have known better. Even so, I will probably buy in again if I can do so below $20.
Zero because I stay away from IPO's until the dust settles and the lock-up period expires. You have to keep in mind that the secondary-market after IPO's is fraught with dangers for the retail investor. If the underwriters have done their job, the IPO price is close to fair value already, so there's not much room for improvement in stock price unless you're counting on the 'greater fool' theory to make you money.
I don't blame the little guy too much--especially newbies--because I've never seen such shameless media hype over an IPO before. Gave the wrong impression to viewers imo. Shame on the business press.