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Puma Biotechnology, Inc. Message Board

borne2fly 2 posts  |  Last Activity: Jun 29, 2014 12:59 PM Member since: Apr 11, 2000
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  • Reply to

    Another Prime Example of Market Elites

    by mqsadoc Jun 27, 2014 10:42 AM
    borne2fly borne2fly Jun 29, 2014 12:59 PM Flag

    TD Ameritrade defines "flipping" as buying shares of an IPO and selling them within 30 calendar days from the date the IPO was initially publicly traded. Customers may be excluded from participating in future IPOs if a pattern of selling IPO shares within 30 calendar days exists.

    Reading this, one is lead to believe the "big guys" don't flip these things. However, that's pretty much ALL that happens on the first day of trading. And TD lets them do it. Because otherwise, TD won't get to broker the next big deal. Money talks.

  • borne2fly by borne2fly Jun 26, 2014 4:02 PM Flag

    At least so far.
    Will buy more when it pulls back

260.51+1.20(+0.46%)Aug 29 4:01 PMEDT

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