I wasn't planning on adding more NCT but put in a GTC order at $5.00. The devil made me do it. Perhaps he'll make me raise the limit #$%$00 is beginning to look unlikely. I seem to remember this happening before with an NCT secondary where the offering price was lower but the shares sold higher anyway.
Underwriters are making a ton off this: they get a discount to that 4.97 and are selling for well over that. I realize that the pps was beaten down, but it's rare to find a stock trading higher than the previous day when an SPO is announced. Yep, that senior housing looks good.