HSX Forum

Playing & Trading Strategy

What's up with the IPO's of late?

Posted by: Lucky_Muppet on Oct 07, 10:50

Firstly, I'd just like to say that this is merely my opinoion and I don't want to stand on anyones toes.

 

I'm not normally the person to vent, but the recent post IPO activity for the midrange movie stocks has gotten outrageous. I understand they're not as sought after as a (usually higher priced/safer) Saturday IPO, but the way they've been dropping in value the day after being IPO'd is crazy.

 

Let's take yesterday's IPO for example: YUCAT just went over and sold more than it's IPO offering of 40m shares (long), and had under a million shorted yesterday. Obviously people thought, sweet, solid investment, let's purchase long. Then the reset traders come along this morning and short it, causing a mass shorting, dropping the value by nearly H$5 as of this message.

 

Now my argument is, this seems to happen constantly, and that it's not even beneficial for a casual player to purchase these stocks during the week. If I were to only be a casual player I'd rather just wait until the weekend and purchase the Saturday IPO and not bother with certain days of the week as there wouldn't be any purpose (as I'd be in the red the next day).

 

I realize a market is volatile and trends cause share prices to fluctuate, and yes, you could say that :why don't I just go against the initial crowd and do the opposite if I'm so sure... I'm however trying to defend the casual player here, and preferably get more people onto HSX, rather than chase them away.

 

If an IPO is unlikey going to sell the minimum it has to offer on it's initial day, or it barely goes over, I'd also rather not purchase the stock and rather wait for the next day to see which direction it takes. Either way, I'm sure the more experienced players have their opinions and tactics, this however is just my observation.





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