Continued from 2007 ... GO DOW GO!!

MU and AMD HAVE BEEN GOOD FLIPS TODAY ,,go 5 200$ dollar one and might get bagged on TSLA .. Plus got rid of a couple bags from the last few days ….


MU got pounded in PreM and is still down but highly flipable .. Lowballs buy and high ball sell has worked decent on the flip.

Now if the good company mid caps would move and AMZN I would clean out the frac bags …
 
Schwab is easy to get in on the IPO ,,, they require a 10 share minimum purchase at $135 per … fidelity didn’t require that…
 
Im thinking not for this IPO … need to verify and see in actual …
I called SCHWAB - for their brokerage there is a minimum account balance requirement of 100k to participate in IPOs because they are risky and they are convservative. He did say some other brokerages don't have that requirement so it's not the end of the world- lol

I only have one brokerage account so will see what i do
 
OMG! I looked at some current stock prices while I was logged in and THE POISON BURRITO closed at 28.00 and change!! They were like 350.00 a share right after the 10 to one split if I remember correctly. Crazy times
 
So

if i deposit 2000 and request 10 I may get them? I'll call Schwab and also look at my account see what i can figure out - Thanks!!!

I don't have a 100k account like that article mentioned
From my impression you don’t need the account to have that kind of money in it .. fidelity just puts up an application to access IPO trading and asks questions . One question asks your net worth range ,,, simple answer check the box that is higher range like 250k to 1 million range … You own a house , other property a truck etc .. It all adds up big and has nothing to do with brokerage account dollars ….
Yes IPO and every other investment has risks ,, that’s just a disclaimer they use for everything … your trading knowledge good or not is another question , check good or higher their not going to care about those questions .. All in all you need to decide your own limits is what the main thing is ,, not jump in with all your apples in one basket …

As for the one small account I used on fidelity I use for the fractional trading now only values around 28k and it was approved for IPO trading .. I went in for 1 share do to unsettled cash and not enough for more till today ….
The account on Schwab is basically the same range small value and it appeared I could put in for shares but didn’t have the cas in it for the required 10 shares …. So no go and im not transferring cash into it and just let the Divs give me cash to add to position …so I think the rep you talked to may not have been full above water …
 
I called SCHWAB - for their brokerage there is a minimum account balance requirement of 100k to participate in IPOs because they are risky and they are convservative. He did say some other brokerages don't have that requirement so it's not the end of the world- lol

I only have one brokerage account so will see what i do
Go thru the IPO application and give good answers to those questions I mentioned ,,,, they ask if you are affiliated with a company , brokerage etc .. NO YOUR NOT To all those BS questions … questions may be different than fidelity !

So just try it and see how far you get … if you got cash for the 10 shares and intend to go for it ,, go for it … you may get some or none .. IMO to me it’s worth the try good or bad !
 
OMG! I looked at some current stock prices while I was logged in and THE POISON BURRITO closed at 28.00 and change!! They were like 350.00 a share right after the 10 to one split if I remember correctly. Crazy times
That’s what happens when you eat that garbage lefty pump and dump scam … the price was over 3000 on the split … I took the chance with a few and dumped the pretty fast and only lost a small amount ….
Remember Pizza gate hahahahaha this one is know called Burrito gate …
 
That’s what happens when you eat that garbage lefty pump and dump scam … the price was over 3000 on the split … I took the chance with a few and dumped the pretty fast and only lost a small amount ….
Remember Pizza gate hahahahaha this one is know called Burrito gate …
I remember their whole pre split run up and then if i remember correctly their long term CEO left post split and went to Starbucks add their CEO - like he didn't know he was going to make that move give me a break
 
Go thru the IPO application and give good answers to those questions I mentioned ,,,, they ask if you are affiliated with a company , brokerage etc .. NO YOUR NOT To all those BS questions … questions may be different than fidelity !

So just try it and see how far you get … if you got cash for the 10 shares and intend to go for it ,, go for it … you may get some or none .. IMO to me it’s worth the try good or bad !
I guess i could try the questionnaire i didn't get past the first screen where i had to agree to whatever all that garbage was just to get to the questionnaire screen hahaha felt like i was going to be arrested if i pressed accept and wasn't even sure what I was accepting. I'll look again but I asked that rep several times in different ways and each time he said yes you need 100k so I'll try again I can transfer enough in for the ten shares plus some but I'm not putting in 100k that's is ridiculous especially if other Brokerage houses don't have that requirement

so they can pay .01% interest on it lol lol
 
I remember their whole pre split run up and then if i remember correctly their long term CEO left post split and went to Starbucks add their CEO - like he didn't know he was going to make that move give me a break
He knew what was going to happen .. probably his big investor buddies we’re going to dump shares and him also .. I guess CEOs don’t make enough money hahahaha
 
I guess i could try the questionnaire i didn't get past the first screen where i had to agree to whatever all that garbage was just to get to the questionnaire screen hahaha felt like i was going to be arrested if i pressed accept and wasn't even sure what I was accepting. I'll look again but I asked that rep several times in different ways and each time he said yes you need 100k so I'll try again I can transfer enough in for the ten shares plus some but I'm not putting in 100k that's is ridiculous especially if other Brokerage houses don't have that requirement

so they can pay .01% interest on it lol lol
I get it , they do make you wonder filling out the applications ,,,, It’s a disclaimer if you do go in with all your apples and loose your paper tail ..
buying a pre IPO just remember their may be a lock up period on selling to soon with your broker and with Space X .. It doesn’t mean you can’t dump sooner but can get you cut off of other IPO buy pre ins .. 3 times doing that and they’ll ban you from doing anymore Pre IPOs permanently hahahaha ! The prospectus and brokerages rules will show the lock up periods !

You won’t get arrested hahahaha even if you fudge the answers , they’re just protecting themselves with the disclaimers. They do that on everything !

The 100k I know when I did their application was your net worth , not account value on fidelity … brokers have different requirements and normally and net worth can be easily over 1 million hahaha locking out retailers… SpaceX or Musk made the access available to retailer specifically. 30% to retailers with the expectations of selling a lot .. Brokers are just pains in the kester most of the time .. Oh and most reps on the phone are just like any other phone rep. With access to look at your account .. Easy to BS with and trained for customer service hahahah ! You out to sit in on any customer service with anyone when I call them .. Sweet sound ladies I’ve kept on through lunch break time and even after closing hours talking about things that don’t even pertain to to the subject .. With men reps I mess with them and keep them going about things like insider information , other stocks etc and trading ideas and tactics hahahaha ! Most laugh and will come up with something I may be able to use hahaha !

But once in a while On other customer service calls about things other than brokers I’ll get a DORK that wants to deny things that need to be fixed .. They don’t like me and I will fight back till the problem is resolved one way or another .. If the dork won’t , I’ll call back and go from 1 customer service to another till I get it resolve . Usually the next one gets it done hahahaha .
Example : I bought an Apple Watch 8 , around 800+ $ and it went screwy after 4 months .. spent 2 months with apple tech and he comes back with the algorithms are good per his team .. I said BS and send me another one or give me a refund .. he said no it’s out of warranty , which is only 14 days ! No damn way im settling for that and called again , different rep , spent around an hour on the phone and he was sticking with the 14 day BS and slipped out the word Exception .. bingo I fired back , THEN MAKE THE EXCEPTION , He made it and the refund was on the way and the watch was sent back .. You would think APPLE as a multi trillion $ company wouldn’t play that little game so beware and ready to hound them to the end hahaha !
If it doesn't work out I'll watch the prices and maybe get a few post IPO
yep that’s the option .. heck it may rocket or it may drop hahahaha. Heck that’s always the risk ,,, But in time it’s going up no matter what IMO !
 
Being persistent definitely pays off! Even on small issues lol - like post rev limiter :D haven't recovered my heartbeat yet though :(
 

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