The big question, do I sell my shares right away at the open for a small, but guaranteed profit, or hold on in hopes of it hitting 40.
remember who bid these shares up... (the bid/cover is a distortion because of this) purely purely flipper day traders. sell.
Do not think there were 140+m shares bid that were all flippers. Many of them will be long term holders. Either way, I got my buy stop orders in at $35 and $36 to double my position that was barely filled.
I think there's more people who want to fill the rest of what they failed to get allocated then people who want to flip. a LOT more. And look at it this way, the flippers only got 25% of the shares they wanted to flip. The buyers need to buy 75% of what they failed to get allocated.
Wow, the ipo positioning window just opened, and a ton of bids came in. Looks like at least 33 opening, maybe 35+.