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Originally Posted by dtw
I'm interested in picking up some shares of an IPO; of course I'm not a millionaire so I'll be relegated to buying in the secondary market. Anyone have any input on where to find pricing guidance/predictions to help determine my limit order? Any other thoughts on buying in the secondary market on the first day welcomed, also.
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I'm a peon too, but decided I wanted some Google back in the day when the IPO launched (a special offering as it were), and as Sammy says, it's a PURE gamble for us "bottom feeders"
. Trader220 is an "old pro" at this...there's a thread in the archives where he relates how it all works behind the scenes. If I wanted to own a company "long term" (the only way I invest), then you're simply at the mercy of "what the market says", and are along for the ride. Most IPOs aren't "Google" fwiw, and I personally avoid them like the plague except for that one "hunch" which paid off. Good luck!