Thread: respos' account talk

Welcome BACK repro, don't stay gone so long!

Great to see you're back, and Happy New Year!

I don't understand IPOs. Shake shack (shak) had an IPO of $21.00 or so I heard yesterday. Trouble is that when trading began for shak it was as north of $40. The stock was basically flat up until the end of trading. At the end of the first day of trading for shak the news was crowing about it. I understand only the bulk buyers had the opportunity to buy it at 21.00. Is this true? If so, then an IPO of $21.00 isn't completely legit. What am I missing?
Thanks

Originally Posted by respro

I don't understand IPOs. Shake shack (shak) had an IPO of $21.00 or so I heard yesterday. Trouble is that when trading began for shak it was as north of $40. The stock was basically flat up until the end of trading. At the end of the first day of trading for shak the news was crowing about it. I understand only the bulk buyers had the opportunity to buy it at 21.00. Is this true? If so, then an IPO of $21.00 isn't completely legit. What am I missing?
Thanks

The "stock market" is actually the secondary market, so in a way yes... the "insiders" were probably the only ones who got in at $21... we are definitely in the OUT crowd.

Back again. Sell me on TSP PLUS. All opinions welcome!
Thanks

No opinions? I've learned that I have too much going on to monitor the makets enough. To make an informed decision I believe I need to monitor it every day. And after the last year I believe it's time to utilize some type of system. Or maybe sign up for one of the other premium services. I don't know.

Originally Posted by respro

No opinions? I've learned that I have too much going on to monitor the makets enough. To make an informed decision I believe I need to monitor it every day. And after the last year I believe it's time to utilize some type of system. Or maybe sign up for one of the other premium services. I don't know.

Sounds like you need a premium service...for now.

Also, imo, and depending exactly upon what you mean by "monitor," and for TSP purposes, it may not be necessary to monitor the markets everyday.

We have a clean slate in 2016!
Good Luck!

...Also, there are free systems and individuals whose IFT's might be followed. I can't recommend any right now due to the fact that they are new and haven't established a track record, imo...yet.

These free systems are even beating some premium services this year.

Note: I've only seen one free system/individual actually suggest that they condone folks "following" their signals/IFT's.

Thanks, I've decided to look at all options including doing this myself again. Read on, it gets squirrelly.

On Tues I moved from 50% S, 50% C to 50% G, 50% F. Late to the party. Yep. So the S P drops below the Aug low and I think it might go a lot lower. Nope! 2+% up today. So now I'm in the red on paper. So I wait for it to fall or take the loss and get back in for the ride back up. Decisions, decisions.

So crude is down 4+%, SP 500 is down but trending up. And light volume. This should be a good one.