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Rookie Question re IPOs
Posted by: voodoo_mutt on Sep 27, 01:30
Hi
Just watching an IPO (LROJM). The IPO price is $2. There's 1.8mm long vs 20mm + short. But when it opened for trading it moved up 0.15.
Surely supply / demand economics suggest pressure on the price to pretty much collapse? What am I missing?
Rookie Question re IPOs voodoo_mutt Sep 27, 01:30
ok so this question gets asked literally about 5 times a week...but basically shares traded prior to movement dont count. only trades made islander Sep 27, 06:02
The bigger question is why it moved 0.15 in the first place.. {nm} Rocket Sep 28, 20:40
We're all trying to work it out srrichardson Sep 27, 06:09
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