Trying to jump in on Facebook?
Merrill's site was working quite well. Got all my trades executed immediately.
Most likely the first trade if you put in an order before it began trading was at a price of 42.05. The reason it dumped is because no one got their executions back and got worried.
If you waited for it to open and then put in a market, you could have paid as much as 44ish.
Oddly, my limit orders weren't triggering, so I made market orders right when it opened and got in at $40.02. My limits still hadn't triggered, so I cancelled them, and made two more market orders at sub-40 since then.
Hope you don't get screwed on the limit orders due to delayed reporting. I've had that happen to me in the past...
So what's going on here?
http://money.cnn.com/quote/quote.html?symb=FB&hpt=hp_t1
I was expecting a fricken jump of at least 2x.
Are people just selling like mad to liquidate?
BTW, Bono is now the richest musician in the world thanks to his $90 mil investment in FB.
Were you really expecting it to jump 2x? based on what? Not a loaded question, I'm just curious what fundamentals anybody was basing this off from.
Were you really expecting it to jump 2x? based on what? Not a loaded question, I'm just curious what fundamentals anybody was basing this off from.
HAHA
Sell Moritmor sell. Turn those machines back on..........Selllllll selllllll
I got in at $40.01 (limits weren't triggered either) We'll see what happens.
It's all about gambling to make some quick bucks, not fundamentals.