$300 a share?!?

[trader220]

The kicker for me was this... walk into any AAPL store its firggin mobbed all the time. I walk by the local one occasionally its a zoo. I obviously dont trade on info or observations like that but its always amazing to look at.

There are always blowhards on the web boards who feel the need to brag about money the claim the make in the markets, they can handle the anonymity of the web

[widgeon13]

I expect there will be a market adjustment, it's been a good run for the markets over the last few months. My objective is over the long haul. Even if it goes down, there is always the opportunity to sell and take the profit.

With the performance they (Apple) have had it's hard to follow up with more good news. As i said in a earlier post, it could be $250 by January, time will tell.

[KFC911]

Originally Posted by trader220

There are always blowhards on the web boards who feel the need to brag about money the claim the make in the markets, they can handle the anonymity of the web

I bought in when it was APPLseed

[trader220]

Originally Posted by KC911

I bought in when it was APPLseed

Well I am just glad that I was able to get all that GOOG in the dutch auction they had on the IPO. The thousands of shares I have from the AAPL IPO are nice too. Its so hard to keep em all straight when I have 10's of thousands of shares of these company's all at silly low prices. My cost basis on MSFT is less than a buck.

Isn't the Internet Grand?

[KFC911]

Originally Posted by trader220

Well I am just glad that I was able to get all that GOOG in the dutch auction they had on the IPO. The thousands of shares I have from the AAPL IPO are nice too. Its so hard to keep em all straight when I have 10's of thousands of shares of these company's all at silly low prices. My cost basis on MSFT is less than a buck.

Isn't the Internet Grand?

Less than a buck for MSFT you say...well my cost basis is 0...I'm gonna be rich I tell ya ! Serious question for you...how do those IPOs work in divying up the shares for you pros? As I recall, GOOG IPO'd at around 80, but when it became available to us "common folk", it was around 100...that was one I did get get lucky on (but for a VERY modest amount). I remember taking an early lunch so I could be by the computer at 12 noon that particular day. As I recall, GOOG was handled a bit differently at that time compared to most other initial offerings. Thanks...

[trader220]

GOOG was done differently it was latterly a Dutch auction and you could have gotten shares even as John Q Public. The IPO price ended up being 85 bucks, IIRC when the stock opened it was over 100.

I wanna catch my kid before he goes to sleep so I am running out but I’ll answer the balance of your question in the morning if no one beats me to it. There is a lot of back room dealing and salesmanship and just remember that for all the killer IPO deals you hear about there a 10 times as many crappy ones you have to take in order to get the good stuff.

Oh I can one up you... My cost basis taking into account dividends on MSFT is something like 20 bucks a share they paid me to own it!!!! LOLOLO I used to answer a lot of questions on the options markets boards till i got tired of those kinds of people.

Have a good night

[patssle]

There are always blowhards on the web boards who feel the need to brag about money the claim the make in the markets, they can handle the anonymity of the web

Probably some of it is fake and stems from past regrets of not buying when they should of! And some of course is the ego as well.

[JJ 911SC]

Quote:
There are always blowhards on the web boards who feel the need to brag about money the claim the make in the markets, they can handle the anonymity of the web

Originally Posted by patssle

Probably some of it is fake and stems from past regrets of not buying when they should of! And some of course is the ego as well.

Just like the Casino, they never loose anything, just win big...

I must be one of the few loser that com tribute to the billions they rake in.

Ottawa being the Nortel HQ, if full of people that were millionaire (@120 a share) but now have nothing... not even have a pension after working there for 35 years (well they get it until Dec 2010).

My company (Defense Industry) had a booth at a job fair during that time, I spend a day there. It was my worse experience in my life. Multi degree engineer begging for clerical job.

I got 2 guys working for me, in their 60, with Military Pension still at work because they lost too much, same people that were laughing at me because I was only getting 3-5% return (on already 100% employer matched contribution) from Guarantee interest Certificate.

I'm still at work (apparently too young to retire says the wife ) but I'm working for toys , Das Babe being one of them.

Its the old adage; if you can't afford to loose it...

[widgeon13]

The open isn't going to be pretty this morning.

After market trading @ $298,

[KFC911]

Originally Posted by trader220

...I’ll answer the balance of your question in the morning if no one beats me to it. There is a lot of back room dealing and salesmanship and just remember that for all the killer IPO deals you hear about there a 10 times as many crappy ones you have to take in order to get the good stuff....

Thanks Trader...please do share some of your knowledge/experience when you get a chance. I do OK for an amateur, but don't know how this stuff works behind the curtain.

[KFC911]

Originally Posted by widgeon13

The open isn't going to be pretty this morning.

After market trading @ $298,

That's acutally not too bad considering the recent runup imo. I didn't check the charts, but it seems like it was only a few weeks ago that it had dipped to 240 or so.

[widgeon13]

[KFC911]

Thanks! I'm no dummy, I can clearly see that it's going to be $983.17 per share by Christmas...up, up, up...just like CA real estate a few years ago !

[trader220]

Originally Posted by KC911

Less than a buck for MSFT you say...well my cost basis is 0...I'm gonna be rich I tell ya ! Serious question for you...how do those IPOs work in divying up the shares for you pros? As I recall, GOOG IPO'd at around 80, but when it became available to us "common folk", it was around 100...that was one I did get get lucky on (but for a VERY modest amount). I remember taking an early lunch so I could be by the computer at 12 noon that particular day. As I recall, GOOG was handled a bit differently at that time compared to most other initial offerings. Thanks...

All of the IPO’s (not GOOG) are basically shopped around by the underwriters (investment banks). They are allocated huge blocks of shares according to their participation in the underwriting. Its their job to then go out and parcel those shares out to other firms. Your firm can get a chunk but the price is not quite settled on until the allocating firms report on how difficult it was for them to parcel it out. Sure its easy to find buyers for the good ones but much more often then not its not easy for the Investment Banks who did the underwriting to unload all the shares. Those firms who get in on these IPO’s have a couple things to consider. For everyone that’s a layup homerun there are plenty more they have to take which may be iffy or outright overpriced. The firms who take these shares off the Investment Banks have to do their DD and establish what they think fair value is. Then they can decide how hard it will be for them to allocate the shares to their clients and if they want to suck it up in hopes of getting bigger pieces of the homerun ones. They also cant just flip the shares in the open market. Most of the time there is about a 90 day restricted period where they have to hold onto the shares.

10 years ago there were a ton of homeruns in the pipelines but these days it’s a lot harder game and you have to be very sharp on valuing the IPO and your ability to move the shares you get.

[KFC911]

Thanks Trader...interesting stuff!