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I'm seeing the 250sh in my Fidelity account and a debit balance of $3750. So that pretty clearly means I got the $15 price.
My advice.. Offer it for sale at $30.. Then buy it back after a dip... It may pop that high today
It's trading now.. A little over $25
Quote from: bamalucky on December 11, 2014, 09:40:36 amMy advice.. Offer it for sale at $30.. Then buy it back after a dip... It may pop that high todayIf you did not enable Margin trading on the Fidelity account, selling the securities before the settlement date (December 16th) might not be allowed, or at least could annoy them.Personally I didn't go for the full 350, and got 150 of 200 requested. Still I'm happy with the result.
Before the IPO I called Fidelity about that very question. They told me we can sell the stock whenever we want, as long as payment is made by settlement.So you could have sold the stock the moment it started trading and been fine, so long as you put 150 x $15 = $2250 of "new" money (i.e. the sales proceeds don't count) into the account by settlement day.
I recently heard or read a story that LC is going to be working with Alibaba to provide financing for American buyers to purchase from Chinese suppliers. If that works out, I would guess it will be a great thing for LC.
Quote from: Flying Missle on February 10, 2015, 01:37:24 pmI recently heard or read a story that LC is going to be working with Alibaba to provide financing for American buyers to purchase from Chinese suppliers. If that works out, I would guess it will be a great thing for LC.I wonder if the borrowers will be as fake as the goods they'll be buying.