Wondering who you will flip your IPO allocation to? Meet 56-year-old admin assistant, Deborah Watkins... "I messed up by not buying any Facebook, so I want to get some Twitter."
AS WSJ reports, [6]
On her Tuesday lunch break, Deborah Watkins walked through gray drizzle from her office to the TD Ameritrade... The receptionist just inside the front door told her trading at the so-called IPO price – available to large investors and certain brokerage customers before the shares begin trading publicly – wasn’t available to her.
Ms. Watkins said she’d buy the shares once they begin trading, expected Thursday.
“They think little money is no money,” she said of Ameritrade
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Ms. Watkins said she plans to buy about 50 shares... She said she’s not worried about price increases; she just wants to stick to her purchasing plan and buy the shares immediately, though she hasn’t ruled out selling them quickly if there’s a sharp bump.
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Ms. Watkins said she’s interested in the hyped stock because of her economics-major nephew and because she knows what happened with Apple Inc. and Facebook Inc. prices and doesn’t want to miss out,
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“I’m just buying because everybody’s talking about Twitter,” she said. “I’m just gonna take a chance.”
And there it is... the new normal - immediate gratification, take a chance, over-hyped investment opportunities... What could possibly go wrong?