Need to confirm something with the stock gurus here --
Hypothetically speaking -- if someone decides they want to buy Facebook IPO stock on opening day 1st thing in the morning, and ride it up a few points to sell in the afternoon or next day, or whenever --
What is the best way to structure your order?
I'm thinking that you log into your brokerage account the night before, and do a market order to be executed "on the open"? I'm guessing limit orders are completely out of the picture, because you will likely miss your buy in opportunity if it opens higher too quickly, etc.
I've done well investing in LinkedIn on the lead up to the IPO, and now I'm considering making a move on opening day to try to lock in a few more points during the opening hysteria.
Another side play I've decided on is to sneak into Pandora or Linked In stock heavy either the day before, or a few days before -- and then be positioned for those stocks to take off like a rocket on IPO day also (For evidence see P and LNKD stock today on the sheer announcement of the upcoming Facebook IPO)
Cheers,
- Hakrjak
Hypothetically speaking -- if someone decides they want to buy Facebook IPO stock on opening day 1st thing in the morning, and ride it up a few points to sell in the afternoon or next day, or whenever --
What is the best way to structure your order?
I'm thinking that you log into your brokerage account the night before, and do a market order to be executed "on the open"? I'm guessing limit orders are completely out of the picture, because you will likely miss your buy in opportunity if it opens higher too quickly, etc.
I've done well investing in LinkedIn on the lead up to the IPO, and now I'm considering making a move on opening day to try to lock in a few more points during the opening hysteria.
Another side play I've decided on is to sneak into Pandora or Linked In stock heavy either the day before, or a few days before -- and then be positioned for those stocks to take off like a rocket on IPO day also (For evidence see P and LNKD stock today on the sheer announcement of the upcoming Facebook IPO)
Cheers,
- Hakrjak
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
