<p>That is a nice hit.</p>
<p>I tried to imitate his buying/selling in my son’s account (at his suggestion). Bought a stock a little after he did, within two days, the stock had plunged about 30%. Gave up. Wish it would have been Palladin Labs.</p>
<p>Wow, dstark, you must be pleased on Twitter.That’s an amazing jump on opening day.</p>
<p>I am happy with twtr. I sold 25 shares on the opening yesterday. We are not talking about a lot of money, but it’s free money. Just took a few clicks on a keyboard.</p>
<p>how did you get the twtr IPO shares at IPO price? You reported at around the opening you already knew that you have the shares, but our brokers told me the shares are not distributing until 10am PST. ALL ours and others we know of were not allotted ANY shares, collectively, we must put in 10,000 shares order and none of them went through.</p>
<p>Well… I got an email before the opening. I think it was around 5:20 on the west coast. I am not sure. Every firm has their own way of doing things. </p>
<p>I asked for more shares than 100. I am a good customer. That is all I got.</p>
<p>I guess I should add that each firm has its own allocation of shares. Some firms have more to give out than others. If people dont have a lot of capital at a firm, trade rarely and or arent potential moneymakers, they can be shut out of the hot deals.</p>
<p>collectively, my wife and others do a fair amount of transactions with those brokers. We did put in more than 100 shares in each of our orders per account, in hope to get at least some… That was always the strategy. I could not believe “we” did not get ANY…</p>
<p>Happens all the time that people dont get any shares.</p>
<p>If your firm wasnt one of the underwriters it is harder if not possible to get shares.</p>
<p>[Goldman-Led</a> Twitter Underwriters Share $59.2 Million in IPO Fees - Bloomberg](<a href=“http://mobile.bloomberg.com/news/2013-11-07/goldman-led-twitter-underwriters-to-make-59-2-million-from-ipo.html]Goldman-Led”>http://mobile.bloomberg.com/news/2013-11-07/goldman-led-twitter-underwriters-to-make-59-2-million-from-ipo.html)</p>
<p>Looks like GS, MS, and JPM got the bulk of the shares…</p>
<p>Oh well, I did not put in any in my JPM account. Did you have GS account?</p>
<p>I heard on the radio that the twitter IPO was oversubscribed by 30x.</p>
<p>Why don’t more companies do a dutch auction when they go public, like google did? It’s great that the company’s stock went up 70% when it opened, but it means twitter left billions on the table because they didn’t set the price high enough. If I am twitter I am not happy - the goal is to raise money for the company, not give a windfall to the underwriters’ favorite clients.</p>
<p>Why didn’t they set the price at $35 or $40? It seems obvious the demand was there.</p>
<p>No GS. Got kicked out of there for not trading enough. 
Had an account at MS but I got rid of it. I was getting good allotments of shares but MS wanted me to trade a certain amount outside of ipos with high fees and in the end MS would have made the money… Not me.
Schwab has a deal with GS and so I can get minimal shares with Schwab when GS is the lead underwriter.</p>
<p>I think notrichenough’s question is a good one and you would have to ask Twtr. Twtr sold a very tiny amount of shares compared to its capitalization. It is not as if the company sold itself at 26 a share. It is great pr when a stock does well after an ipo. The price in the 40’s may have been unexpected. The 30 times oversubscibed number is kind of fake. Investors know they are only going to get a percentage of what they ask for so they ask for more than they want.</p>
<p>MOST of our orders went into Schwab and did not get any!</p>
<p>We have to see the price after the IPO, a lot of company had a bang at IPO and faltered afterwards, that is why 6 mo wait on the release of 144 stocks.</p>
<p>Well… Sorry you didnt get any shares. You were never going to get a lot of twtr thru Schwab. I do not wait 6 months. I usually wait 30 days to sell. No problem. With twtr up so much I dont see a problem selling. Underwriters dont like investors to sell shares quickly, but somebody is selling.</p>
<p>There were 70 million shares in the IPO… trading volume yesterday was 117 million shares.</p>
<p>Seems like an awful lot of people dumped the shares for a quick profit.</p>
<p>Yeah… A lot of churning…</p>
<p>“Twtr sold a very tiny amount of shares compared to its capitalization.”</p>
<p>This is exactly the reason why Twitter is very happy today. The stock owners, including the founders and employees, as well as the company are all looking much richer at $45 a share than the IPO price of $26.</p>
<p>^ The founders and employees would all be just as rich if the IPO had been priced at $35 or $40.</p>
<p>And the company would have a billion more dollars in the bank with which to build their business. So I don’t see how the company is looking richer.</p>
<p>Sure there’s a nice buzz from the big day one pop, but the friends of GS, MS, and JPM who got shares were gifted a billion dollars. Money for nothing.</p>
<p>" I do not wait 6 months. I usually wait 30 days to sell."</p>
<p>144 stocks are restricted stocks you buy prior to IPO, you HAVE to wait 6 mo before selling, SEC rules.</p>