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I thought I am not strong holder when I cut theses stock, I seldom cut stock, I reallllly seldom cut stock, but I made the right move these time, even it hurt like hell, rather then EVERYDAY see these scam ipo at my portfolio. If indeed I choose only cut today, I think I lost minimum 20k.
Totally agree with u Henley. Feel terrible with this stock.
It was prepared to come scam people in pre-ipo.
Aside the profit taking investor, long term who dare to buy.
think maybe the Boss also profit taking investor. ?
From my understanding, most new listed IPO, company directors/ anchor shareholders, will have words with their banker, to hold or to 'buy' the thier stock to maintain in a price they desire. Which mean , opening and closing on IPO day is definately control-able. I maybe wrong, i hope i am not.
@scoot. (III) 37,830,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, This IPO no MITI Ticket. And "Selected investors" mean directors can gv selected ppl to buy and sell in open market.