Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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Dahatre wrote:@urstill1..Best to wait a few months and sometimes a year or so This is how it works: 1.Owners get shares for $10/share 2.Bank bringing stock to IPO get them at $20/share 3.Bank sells shares to its biggest clients (usually hedge funds and big pension funds etc) at $30/share 4.Family and buddies get a shot at $40/share 5.IPO is offered to the walalahoi's at $85/share Everyone from 1-4 above sells on opening day==>Stock tanks to $30/share==>People panic and sell==>More tanking Cycle may go on for long time before stock recovers. urstill1 wrote:I just want to buy 10 shares. I hear in the US IPO's are for the big shot or institution or the connected. Sisi walala hoi we have to wait for the trading day. I have some $1000 to dip into this. Na tunaendela kupanda as Single's day (11/Nov) approaches. Records to be broken.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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urstill1 wrote:Dahatre wrote:@urstill1..Best to wait a few months and sometimes a year or so This is how it works: 1.Owners get shares for $10/share 2.Bank bringing stock to IPO get them at $20/share 3.Bank sells shares to its biggest clients (usually hedge funds and big pension funds etc) at $30/share 4.Family and buddies get a shot at $40/share 5.IPO is offered to the walalahoi's at $85/share Everyone from 1-4 above sells on opening day==>Stock tanks to $30/share==>People panic and sell==>More tanking Cycle may go on for long time before stock recovers. urstill1 wrote:I just want to buy 10 shares. I hear in the US IPO's are for the big shot or institution or the connected. Sisi walala hoi we have to wait for the trading day. I have some $1000 to dip into this. Na tunaendela kupanda as Single's day (11/Nov) approaches. Records to be broken. @urstil, you were spot on here. I had never heard of singles day but alibaba's sales topped $9.3bn in 24hours. That's more than what our beloved govt generates in a year. I know its capitalism but it doesn't sound fair.
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Rank: Member Joined: 12/21/2009 Posts: 602
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BABA retracing to below IPO levels $78.80along with all other Chinese stocks
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