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KLUTZ IPO @ H$100--Good buy? or good short?
This is the first StarBond IPO I've thought about getting into. H$100 seems a little high considering he has so many non-TWIL films that keep him down and TWIL1 never cracked $200M.
[KLUTZ]
Tag(s): KLUTZ
KLUTZ IPO @ H$100--Good buy? or good short? Aug 11, 11:16
TAG Now H$74m, Price Now H$100, TAG Dec 20 (best) H$109. Profit H9$ per, or 7 pennies per day. weee ;) {nm} Aug 11, 11:28
Less a penny -ish a day eqv for commisions. weee x2 heh :) {nm} Aug 11, 11:30
So why IPO so high? {nm} Aug 11, 11:33
IPOs aren't meant to make you money, they are meant to be at fair market value, and it is fair price. =) {nm} Aug 11, 11:35
You're right, it's fair. I always thought of IPOs as the daily loss-leader to stimulate that stock's acceptance... {nm} Aug 11, 11:45
I just like the funny ticker symbol. {nm} Aug 11, 15:44