RFOL - i didnt mean to get off topic, but man, the law of supply and demand never ceases to amaze me & its relevant for other scenarios, not just an IPO debut. See what happens when people trip over themselves trying to get something?? If you do a "phone book" ended auction search, you will find that they were legitimately fetching $2500-$5000 all day long. Amazing
I completely concur. Nothing like the feeling of overpaying for something or worse getting ripped. Heck I dont need to buy a PS3 to feel like that. If I wanted that kind of feeling, all I would have to do is pay $85 for AAPL now when less than 4 months ago, I had a bunch at $54.75 but got stopped out of my position and never had the ballz to get back in.
It's all relative, but my point remains the same about what investment would have been required to make serious money off this trade (if you didn't get in on the $59 subscription price). But, yeah - I'm in the midwest, so my $180,000 on a trade is probably worth $40,000 in NYC dollars. Maybe I'll be running with bigger dogs, soon.
Cash if you bought 15k shares of NMX which I think you did would you feel any different on the direction if you only placed a 180k long. What are you going to do on Monday. WS and large brokerages, hedges think that your 180 is peanuts and others would think it was a solid amount. It is very relative. Akuma. BTW I am price shopping old PS2 for resale .... good time to buy soon .... normally I am a bottom fishing m/f but the NMX was for CAPTAIN OBVIOUS!!!!!!!
goog was done dutch auction ... you cannot compare NMX to GOOG in my opinion hopefully though NMX will open steady or trade higher monday am as I nibbled on ICE late AH
good point, goog scared enough people with dutch auction to make its IPO different from other IPOs. Chipotle (CMG) surged 100% on the first day and still was 7-8% higher 3 days later. may NMX will do the same.