What do you think a ideal price to set the limit order at?
FB - Facebook - Page 3
the ipo is set at 38 dollars a share. I think its going to gap up to maybe 50-60. So much hype though wouldnt be surprised to see a gap of 70-80 a share. If it gaps up too much Im not touching it.
I have a question though. Can I buy FB with margin?
I just tried to put in an order with scottrade and its not letting me. How do i put in an order? Do i have to wait till it starts trading? Every second counts.
Also anyone know what time it opens for trading?
The old me wouldnt even consider touching facebook but after seeing apple stock the past month I dont think buying only stocks that have low valuations work all the time. It doesnt make much logical sense to buy a stock with as high of a valuation as FB but the stock market isnt logical and undervalued stocks can keep going down no matter how much money they make or how much dividend they give out.
A stock is only worth what someone else is willing to pay for it and for now at least people want facebook it seems.
You got this right, apparently... the following was Tweeted just now by Madison Montana:
"$FB Some brokers taking limit orders as of 7:00am. Facebook currently bid $55.00, ask $70.00, shares priced at $38.00."
I was not interested at $40, even less so at that bid, and at that ask? Hope you get a short filled I guess.