It appears to me that many times, especially with the more expemsive stocks, $50 and up, and the blockbuster, $100 plus stocks, that a stock will often shoot up $20 in tprice after IPO then crash after a time.
Does it seem to make sense to buy the stock, sell it when it goes up $10 to $15, wait for it to go down, and then buy it again to hold on to it.>? Or, should one ride it out.
I did this with Gambit. I bought a lot of it when it IPO'ed, then told it off in the 70s, hoping it will go down in price, and bounce down from its big shoot up, so I can buy it again, and then hold on to it long term.
Does this seem like a good strategy? what do others do?