With Twitter Set To Break Over $40, Banks Tell Employees To Slow Down With Clogging Orders

This is what client-facing desks are seeing at various banks across Wall Street right now. One example below:

PLEASE DO NOT ENTER ANY MARKET ORDERS FOR TWTR UNTIL AFTER THE STOCK STARTS TRADING. THESE ORDERS ARE CAUSING A LARGE NUMBER OF REJECTS WHICH MAY DELAY ENTRY OF YOUR ORDER.

 

THANK YOU FOR YOUR CO-OPERATION

Translation: slow down damn it, there will be more than enough shares sold to satsify all demand. Why is there a scramble? Because of this: TRADING RANGE: TWTR (NYSE): 40.0000-44.0000