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re: MEGL IPO starts Friday

Posted on 8/5/22 at 10:19 am to
Posted by el Gaucho
He/They
Member since Dec 2010
56907 posts
Posted on 8/5/22 at 10:19 am to
Thanks to whoever told me to put 4.10! Didn’t wanna be cheap and put 4 but didn’t wanna splurge too much!
Posted by FLObserver
Jacksonville
Member since Nov 2005
15230 posts
Posted on 8/5/22 at 10:22 am to
quote:

Thanks to whoever told me to put 4.10! Didn’t wanna be cheap and put 4 but didn’t wanna splurge too much!

I dont believe a word that you type

A few on here are either coming away with 50 shares or 5 shares if they put 1000 in.
This post was edited on 8/5/22 at 10:26 am
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 8/5/22 at 10:24 am to
quote:

Thanks to whoever told me to put 4.10! Didn’t wanna be cheap and put 4 but didn’t wanna splurge too much!


I doubt that. It's been halted for almost 20 minutes at 50
Posted by FLObserver
Jacksonville
Member since Nov 2005
15230 posts
Posted on 8/5/22 at 10:26 am to
showing 49.81 now at 11 am
This post was edited on 8/5/22 at 10:28 am
Posted by 985TigerSaint
Member since Mar 2009
1672 posts
Posted on 8/5/22 at 10:27 am to
Etrade must be behind. Still showing 50. What exchange do you use?
Posted by FLObserver
Jacksonville
Member since Nov 2005
15230 posts
Posted on 8/5/22 at 10:28 am to
Sorry my other screen was set to a different stock. i updated.
Posted by 985TigerSaint
Member since Mar 2009
1672 posts
Posted on 8/5/22 at 10:33 am to
quote:

Magic Empire Global Shares Open For Quote, Expected To Open For Trade After 10:45 a.m. EDT; IPO Priced $4/Share

08/05/2022 10:37:26 AM



Looks like another hour before trading resumes?
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5294 posts
Posted on 8/5/22 at 10:39 am to
quote:

Waiting for my 50 limit order to clear


Odds that 50 clears? Fidelity wont let you put in higher than $55.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1820 posts
Posted on 8/5/22 at 10:41 am to
quote:

Just filled 1000 @ 4.10 for me


Lies
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 8/5/22 at 10:57 am to
quote:

Odds that 50 clears? Fidelity wont let you put in higher than $55.


And I have mine set up for $55
Posted by FLObserver
Jacksonville
Member since Nov 2005
15230 posts
Posted on 8/5/22 at 11:00 am to
Big Money right now trying to figure out how to screw over retail i'm guessing.
Posted by Civildawg
Member since May 2012
9769 posts
Posted on 8/5/22 at 11:06 am to
So the IPO is $4 but they are offering it to retail for over 10 times that? Is that usually how IPOs go?
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5294 posts
Posted on 8/5/22 at 11:09 am to
quote:

So the IPO is $4 but they are offering it to retail for over 10 times that? Is that usually how IPOs go?


No, this is a pump and dump scam. Everyone knows it but are hoping they can be one of the ones who makes money and not holding the bag.
Posted by Tiger Prawn
Member since Dec 2016
23944 posts
Posted on 8/5/22 at 11:11 am to
There were only 5 million shares in the IPO. Got gobbled up fast by demand. I know on Webull most people saying they only got allocated 1 or 2 shares from their IPO orders placed days ago that were for a few hundred shares. Now anybody lucky enough to have gotten shares at $4 thru the IPO are flipping them for 1000% profit on the open market
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 8/5/22 at 11:14 am to
quote:

There were only 5 million shares in the IPO. Got gobbled up fast by demand. I know on Webull most people saying they only got allocated 1 or 2 shares from their IPO orders placed days ago that were for a few hundred shares. Now anybody lucky enough to have gotten shares at $4 thru the IPO are flipping them for 1000% profit on the open market


It's been halted for over and hour. No one is buying or selling
Posted by DawgCountry
Great State of GA
Member since Sep 2012
31555 posts
Posted on 8/5/22 at 11:18 am to
seems like some backroom dealing happening here. Big dawgs probably getting some cheap shares at the expense of retail
Posted by zbra24
Haughton
Member since Sep 2008
478 posts
Posted on 8/5/22 at 11:20 am to
just opened on fidelity. $100.74

guess my $50 limit order didnt fill lol
Posted by CP
baton rouge
Member since Jun 2008
256 posts
Posted on 8/5/22 at 11:20 am to
Fidelity alert on my $50 limit order…looks like it just shot up to $90
Posted by zbra24
Haughton
Member since Sep 2008
478 posts
Posted on 8/5/22 at 11:21 am to
halted again at $90

Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4555 posts
Posted on 8/5/22 at 11:21 am to
Unreal.

So many people are about to get torched on this sucker
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