@Rocco_TheStreet last thing I wanna say. As a small investor who is learning my way as an AAPM, just felt duped. "Small"— jeremy rogers (@jjrog3) November 8, 2013At the same time, I'm not naive. I understand the notion of supply and demand as well as the need to exercise control over it. However, we require some balance between top down-supplied order in the IPO process and color on how many shares get placed here and there. Jack Dorsey probably deserves every dime he receives in this process (though that's certainly arguable), but does the father-in-law of a hot shot who works for an IPO underwriter "deserve" shares any more than you do? I reckon not. Frankly, I'd love to see a list, detailing who (by rank in society!) asked for shares and a list of who actually received them. And why. Speaking of transparency, the following series of trade confirmation screenshots and Tweets from some readers of TheStreet not only let you know you're not alone as a smallish individual investor, but hope does exist even in what can feel like a crooked racket.
@Rocco_TheStreet I asked Schwab for 200 shares of Twitter and got 100.— Loudoun (@rctmat) November 8, 2013
@Rocco_TheStreet Bid for 3,000 shared thru Fidelity. Got a big 0. No position now either.— Pete (@broncos1991) November 8, 2013Smart man (^^).
@TheStreet @jimcramer @Rocco_TheStreet I didn't get any shares through my broker, Fidelity :-(( I wish I had— Dragana Mendel (@DraganaMendel) November 8, 2013You might be better off. I could see this thing dropping below the original offer price!