flabyboy
Well-Known Member
That would be true if you bought it several years after that IPO as wellIf you bought $1000 worth of TSLA at their IPO you’d have more than enough to buy a Model S Plaid today.
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That would be true if you bought it several years after that IPO as wellIf you bought $1000 worth of TSLA at their IPO you’d have more than enough to buy a Model S Plaid today.
Anyone else worried the IPO is going to be overpriced when it first comes out? I've never bought an IPO but I dabble in Stocks and plan on buying once its available.
Are you talking about being part of the IPO or buying as soon as market opens for trade on the stock? I try not to sell off any IPO right away but I do set limit orders of 100-150% over the IPO price. 10-20% of the IPOs I buy end up hitting that number in the first 30 minutes of trading and come back down below the IPO price sometime in the next few days. I haven't always bought back in.I am have been a futures trader for over 30 years. I never have bought a stock on the IPO that I didn't sell quickly and rebuy at a lower price. A perfect example was COIN (coinbase) IPO that opened at something like 380 rallied to 429 over the next few days then tumbled over the next few months to 236 and found stability there. Facebook did the same 29 opening rallied into the 30's before tumbling down to 19 then took off from there. I would expect the same. I would buy the pullback after the IPO IMO.