I have a chance to buy some Facebook IPO at between $28 and $35 through my Schwab account. Anyone think its good flip???
BullW; I opted to buy Facebook via my Schwab account. Thought it may be fun to play with this IPO. I am not convinced it is a great investment, but all the media hype may create a decent 1-2 day gain.
My question is, how much trading do you do, in order to get some ipo shares, i have a schwab account and i trade quite a bit, plus a lot of options and margin, but i really don't have a broker?
I'm in also for 1000 sh....plan to flip it depending on the action which should be hot. Will know next week how many shares we get ....17 May is targeted date.
malibu,all I want is a quick flip, in fact I plan to sell the 1st day! I am still awaiting Schwab telling me if I get the amount of shares I asked for.............looks like next week before I know.
Take the chance. It's going to be a turbulent market, and FB doesn't have the obvious downsides, unless Zuckerberg has been hiding something, and he's not that sort of smart, if he's any sort of smart at all.
thx guys, I have my order in for 1000 shares but won't know until next week if I get allocated all the shares Im asking for.
Better grab it.