Chipotle priced today

thezster said: "Initial pricing came out today on the Chipotle Mexican Grill IPO. It appears as follows: symbol/price range/#shares/Broker/File date CMG $15.50 $17.50 7.9 mil Morgan Stanley 10/25/2005 I'll keep you aware as I find out more...."

LanceJ said: "They keyword is "initial". Sometimes what these bastards do is come out with a low initial price to make you "want it" or "gotta have it". They have no intention on executing at that initial price. It's a psychological ploy. Then, they gradually begin to up it. If you liked it at $16 and got excited about having it, to where you become emotionally committed about having it, when they raise it to $17, then $18.00, then $20... you're more likely to cough up the extra funds to pay at the $20 level because they got you emotionally committed back at $16."

srtricky said: "what price do you guys think this will be a good buy at?"

thezster said: "[QUOTE=LanceJ]They keyword is "initial". Sometimes what these bastards do is come out with a low initial price to make you "want it" or "gotta have it". They have no intention on executing at that initial price. It's a psychological ploy. Then, they gradually begin to up it. If you liked it at $16 and got excited about having it, to where you become emotionally committed about having it, when they raise it to $17, then $18.00, then $20... you're more likely to cough up the extra funds to pay at the $20 level because they got you emotionally committed back at $16.[/QUOTE] On the other hand, I'm thinking this one may have some very positive movement on the first day or so of trading.... I've more investigation to do once I get their prospectus. If I get in before it goes public.... it will be worth flipping quickly for a fast buck or two.... I risk a 60 day ban on future IPO's?????? So What?"

srtricky said: "i'm with ameritrade can i get in before the public?"

thezster said: "Check your Ameritrade IPO center (assuming they have one). You can find out the details of IPO offerings with that brokerage firm. When an IPO comes out - the issuing broker offers a certain amount of shares to various brokerage houses. From there, the specific brokerage houses will allocate shares to their customers. With E-trade (mine) you are required to be a customer of good and long term standing. You are also required to have a minimum $$ amount in your accounts. You also are required to fill out a simple questionaire that they use to determine your suitability for IPO's. Also... IPO's cannot be purchased on margin -- cash only! "If" they offer this one - and "If" you are one of the lucky few (or unlucky as the case may be) - you are allowed to bid on shares before the IPO goes public. "IF" you get them, you are often required to hold them for a minimum of 30 days after the IPO goes public. Selling prior to that time, if allowed at all, is considered "flipping" and will get you banned from future IPO's for a set amount of time (set by your broker as well as the SEC). Good Luck! Remember - an IPO is not a guarantee of success. If an IPO is, for example, priced at $17.00 --- it can, and sometimes does, open considerably lower when it hits the marketplace. Many people have lost a lot of $$ on IPO's....."