When is this IPO happening? (Love NEwegg.com too) I wish we could get in on it with TDameritrade, or any IPO. ALso, Even if you have a broker accoutn with JP morgan, don't you STILL need to be a "high roller" to get in?
Wow, Ugly S-1 filing. only 28 million dollars of profit on 2 billion in sales (razor thin margins) And lots of nasty risks including shareholder equity dilution etc.. I wonder how many longs gonna get burned on this IPO Smells Like Crazy Eddies.
There's a reason they're so popular, and that reason is that they have rock bottom prices, but outstanding service. I'm sure that has a lot, if not all, to do with the tiny profit margin.
Call Etrade and ask them about getting in at the IPO price. When V had their IPO I purchased 2000 shares at market that morning. I'd been trading for 5 whole weeks, had no idea what a limit order or a stop was and simply thought, "Wow, Visa! That will go up!" Well, it took almost an hour to get filled and my price was 59.00, not the 43.00 IPO price I was expecting. When I contacted Etrade about why my price was so far from the IPO price they said you need to reserve shares in advance to get that price. The good news is, V moved up nicely and I made a $7100 overnight. Ah, beginner's luck...