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Did you all get all the Twitter shares you wanted? Don't feel bad. I read where Fidelity was only allotted 89,000 to distribute for all of their customers. An individual with $5.5 million invested there wasn't considered preferred enough to get any shares.
Reply to @scott: Scott, I posted an article for you re Kinder Morgan the other day- it's quite a ways back in the pile now (thanks to Ted, mostly) but you might want to check it out.
Reply to @Mark: From Kenny Polcari: Early AM "First Twitter – priced last night at $26/share – up and through the revised range of $20 – $25/share. The excitement builds – the book fills in with investor interest – GS – the book runner – gets to allocate the winnings….Who shall receive stock? Do they want to allow the retail investor into the IPO process or let them wait for trading to begin as they will become natural support? What about the ‘fast money guys’ – will they be helpful today? Could it be true that GS spread the wealth only among 30 institutions? Are they playing the 80/20 rule? (80% of your business is done by 20% of your customers). " I certainly don't qualify as a 1% er and I guess not even a 20 %er !
Hmmm ... both the Riverpark income funds, RPHYX and RSIVX, were up. Hussman Strategic Total Return (HSTRX), a small hedging position in a family portfolio, likewise.
Reply to @JoeNoEskimo: Yeah, I'm trying to be thoughtful about HSTRX. It has a tendency to rise when other funds fall, which would be more useful if either the rise were dramatic or it managed to remain in the black. It's the nature of small positions: occasionally they exist because I'm curious about something.
The bond funds were up a penny, but the surprise was WGROX down over 2% while my other small caps were down a fraction over 1%. Then there is DODGX, down about 1.5%. Thought those guys were somewhat protective (oh, yeah, I forgot about 2008).
Reply to @Charles: FAIRX and PONDX for me. PONDX position is pretty small, but FAIRX is quite significant and I am in fact thinking of taking some profit.
Comments
But maybe not as bad as LLSCX...what's going on here?:
It had one heck of a distribution, looks like...
Looks like Fairholme FAIRX has good day as well, thanks to St Joe and Fannie.
ABNDX 12.56 +0.01 (0.08%)
AIBAX 13.53 +0.01 (0.07%)
ABHIX 6.25 +0.01 (0.16%)
PONDX 12.34 +0.01 (0.08%)
RPHYX 10.00 +0.01 (0.10%)
Did you all get all the Twitter shares you wanted? Don't feel bad. I read where Fidelity was only allotted 89,000 to distribute for all of their customers. An individual with $5.5 million invested there wasn't considered preferred enough to get any shares.
OJ
HSGFX !!!
Hee, Hee
https://www.google.com/finance?q=MUTF:BRUFX&ei=kzp8UrjSFsiarAG89gE&ed=us
http://performance.morningstar.com/fund/performance-return.action?t=BRUFX®ion=USA&culture=en-US
Regards,
Ted
"First Twitter – priced last night at $26/share – up and through the revised range of $20 – $25/share. The excitement builds – the book fills in with investor interest – GS – the book runner – gets to allocate the winnings….Who shall receive stock? Do they want to allow the retail investor into the IPO process or let them wait for trading to begin as they will become natural support? What about the ‘fast money guys’ – will they be helpful today? Could it be true that GS spread the wealth only among 30 institutions? Are they playing the 80/20 rule? (80% of your business is done by 20% of your customers). "
I certainly don't qualify as a 1% er and I guess not even a 20 %er !
David
But I still wouldn't want to own them.
I was loving RPHYX and RSIVX today too, even though they were just up a penny.
David
Last year LLPFX's cap gain distribution was $4.245 per share, reinvesting at a NAV of $25.77.
I'd love to know what they exited, why, and how long they held it.