09-05-2014, 12:01 AM | #45 | |
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Agree with others that the intention here was most likely to flip for a quick profit but you should have run for the doors when you got 2 allocated our of 30 for US ( / NA(?). It's like an allocation in an IPO - if you are ever allocated your full ask, you a) cancel orders, b) ask helluva questions to your sales banker if you want to proceed c) come up with "well thought out" theories to explain to your investment committee. Of course in some cases it works out, but not in this one.
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