No nor am I the one after 747 @ .67.
I love this pre opening jostling looks like a couple of stags will do very nicely.
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And whose the nutter with th $0.80 bid?
edit 2 nutters
Congratulations and we'l done robbo. 1st cross @ $0.60 and a nice 50% profit. I hAve a hat around here somewhere and I'm about to start lunch!
Sure enough, this thing is finding its equilbrium well below the open, now only 44c, and dropping fast, huge sellers piling up. Who shorted into the open will have made a fortune :D
40c now, i maintain my original guess that this thing will close:
38c today
33c by 1 month anniversary
<30c by 1 year anniversary
Jeez, that didn't take long. From 34 buyers now down to 9 and as pointed out sellers coming to play - perhapse a bit late.
well done on this one guys! Personally am a bit surprised (albeit less so than before the cornerstone investor was announced)
40c buyers have been fully digested, normally IPO buyers don't want to sell at a loss (on the first day anyway, until later on), and there are people who missed out and will want to buy at the IPO price, so the IPO price has some natural support near the IPO day.
I do however think that the selling pressure will be strong enough to push it below 40c, and as soon as a trade below 40c is registered, there will be plenty of people wanting to get out and thus further add to the selling pressure, let's see if it can close at 38c today