Anybody else get it for $135 a share today? Quickest money I've ever made! It will be interesting to see how it performs in the coming days, weeks, and years.
SpaceX
- Thread starter Superbone
- Start date
Did you get IPO shares? If so they're not allowed to be sold for 15 days. Let's see what it looks like then. I didn't buy any due too that restriction. I've been screwed by it in the past. The retail share miss out on being able to sell during that initial run up.
It depends on the broker, but in most cases the penalty for early selling is that you get frozen out of IPOs for a while. For me, that was no big deal, since I very rarely see an IPO that attracts my attention.
I asked to get in on SPCX and, to my surprise, had some shares allocated. My plan was to sell them by the end of the day pretty much no matter what, and I did, at 161. Of course I wish I'd moved on when it was stuck on 170 for an hour, but I wanted to see if it had one more surge left in it. Then the app stopped working and it slid from 163 to 161 by the time I got onto a different computer, which was annoying.
Watch the terms of your broker. I know Fidelity increases the penalty on the 2nd early sell and bans your from IPOs on the 3rd.
Good to know, thanks. I did use Fidelity, in fact, but our usual broker is E*Trade, and I still have a clean slate there.
