Comment Make Money Fast! OR NOT! (Score 1) 34
If you think that it is possible for someone like you to buy an IPO, then think again. The persons who have the opportunity to buy an IPO at the open are BIG HEADS. The price will usually start at something like $9.00/share, and then skyrocket to $50. The average person will end up buying at $35-apex. Also, don't think you are original here buying at the open and selling at the close. There are thousands of day-traders who do this for a living, every day, all day. They know the market inside out, and they pretty much have control of the price since they are the ones spending millions to buy big blocks.
If you do manage to just buy at the open and sell at the close, you still have a chance of NOT making money, since the day traders will hype the stock on the open, you will buy it at around $20.00, and if you don't time it correctly, you will end up selling at a close of $15.00 or so. Look at all the IPOs in the past. It's telltale...with a few exceptions, they all have behaved the same!
If you do manage to just buy at the open and sell at the close, you still have a chance of NOT making money, since the day traders will hype the stock on the open, you will buy it at around $20.00, and if you don't time it correctly, you will end up selling at a close of $15.00 or so. Look at all the IPOs in the past. It's telltale...with a few exceptions, they all have behaved the same!
