Wednesday, November 06, 2013

Fidelity comments on Twitter trading

I just logged into my Fidelity account and it has this red notice at the top:
Twitter, Inc. (symbol TWTR) has priced at $26 per share and is expected to begin trading in the secondary market on Thursday, November 7, 2013. Limit orders will be accepted at approximately 7:00 AM ET on Thursday, November 7, 2013, and Market orders will be accepted when Twitter (TWTR) begins trading on the New York Stock Exchange.
Just for fun, I tried to place a limit order, but got this message:
(QX0055) The symbol you entered is not recognized. If you are attempting to place an order for Twitter, please note that its announced common stock offering is currently not expected to start trading in the secondary market until after market open on November 7, 2013. Limit orders may be accepted after 7:00 am ET on November 7, 2013 but market orders are not eligible until the security starts to trade in the secondary market.
-- Jack Krupansky


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