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Message
re: SNAP INC
Posted on 3/2/17 at 4:43 pm to Iowa Golfer
Posted on 3/2/17 at 4:43 pm to Iowa Golfer
quote:
I pm'd them and have asked this.
If they give you a legit answer, please share with us.
I mean, this seems to run completely against all the "fiduciary duty" stuff that is all the rage these days.
Posted on 3/2/17 at 5:03 pm to LSUFanHouston
I didn't get the offer through their IPO center. They called me and asked if I'd like to reserve 300 shares at $20.25. So maybe it wasn't an actual IPO. It wasn't the IPO price. I asked them to reserve, they said I'd have to follow a link, and read the disclaimer. Which of course I didn't. I also asked for the shares to be immediate sold at $22.25, and they told me I need to wait to see if my reserve executed and enter the sell myself.
So the trading kicks off sometime between 11 and 1130. I think EST, but don't recall. I don't see any execution, and there is no pending order in their system. I call them. Their telephones are jammed. I usually get through to their "elite trading desk", whatever that is, but when I finally get through I'm with customer service. So while I'm asking questions, I get a notification that I bought 300 at $22 something. I sell while I'm talking to her. The shares are gone immediately and about a 5 minute delay before I receive confirmation.
Whats odd is that the $20.25 wasn't reserved for me, if it was an order of some of their proprietary shares that they some =how got, the price blew through at opn, never touched $20.25, opened at $24. So that part makes no sense to me. But when I put in a sell, it doesn't blow through that for a higher price, but executes. I looked again, and it looks like it pended slightly under $24, and a bunch of selling almost immediately.
In the next couple of days I'm going to go through their disclaimer and see what was actually offered to me. Usually their IPO center is junk. My offers are add on offerings, and companies I've never heard of. They called one other time. WYNN's IPO, which I actually got at the IPO offered price.
So the trading kicks off sometime between 11 and 1130. I think EST, but don't recall. I don't see any execution, and there is no pending order in their system. I call them. Their telephones are jammed. I usually get through to their "elite trading desk", whatever that is, but when I finally get through I'm with customer service. So while I'm asking questions, I get a notification that I bought 300 at $22 something. I sell while I'm talking to her. The shares are gone immediately and about a 5 minute delay before I receive confirmation.
Whats odd is that the $20.25 wasn't reserved for me, if it was an order of some of their proprietary shares that they some =how got, the price blew through at opn, never touched $20.25, opened at $24. So that part makes no sense to me. But when I put in a sell, it doesn't blow through that for a higher price, but executes. I looked again, and it looks like it pended slightly under $24, and a bunch of selling almost immediately.
In the next couple of days I'm going to go through their disclaimer and see what was actually offered to me. Usually their IPO center is junk. My offers are add on offerings, and companies I've never heard of. They called one other time. WYNN's IPO, which I actually got at the IPO offered price.
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