RAK Rakon

**Zaphod** · 03-05-2006, 07:45 PM

quote:Originally posted by kr16

HI there guys im a small time invester.
I just want to know if i would be better to buy the shares on the day list or better to wait a month or so. I talked to a dude from Direct Broking and he told me that he could buy the shares for me as soon as they list. Ive got 10K should i buy 5k now and wait a month or buy all 10k on the first few minutes of listing ?

thanks

Personally I'd wait a while, even though the price will likely skyrocket on the day of issue. The amount of hype that being pumped via the brokers and the news media, seems a little disproportionate to my current estimates of the value of the company.

Just my 2 cents [8D]

**kr16** · 04-05-2006, 06:33 PM

Cool thanks i will find out the price on listing day if it goes 10% on the ipo price i will wait til it levels out.Im just a bit worried there's only 10 million worth of shares floating around and i dont think that heaps ... im sure someone out there could buy them all if they wanted to

**Yossarian** · 05-05-2006, 02:32 PM

hate to break it to you, but it will surely be more than a 10% premium... pity I haven't got any!!

**Futurz** · 05-05-2006, 02:36 PM

quote:Originally posted by Yossarian

hate to break it to you, but it will surely be more than a 10% premium... pity I haven't got any!!

Yep! My money is on 20-25%, around $1.90-$2.00 [:0]

Bring it on [

]

**Footsie** · 07-05-2006, 05:46 PM

I'd say it will close above $2.

I mean if delegats is trading at 1.60 odd then what for rakon?

**lambton** · 08-05-2006, 11:21 AM

quote:Originally posted by Footsie

I'd say it will close above $2.

I mean if delegats is trading at 1.60 odd then what for rakon?

$2.40 close - day 1

**kr16** · 08-05-2006, 07:21 PM

2.40 close day 1 but will up drop after a few months?

**Footsie** · 08-05-2006, 08:48 PM

stocks like these can easily run up to P/e's of 50 or 60 times.

KR 16, as a first time investor, dont chase the stock... Even though its a great stock, i'd never buy something on a forward p/e of greater than 25x..... there is just too much hype and a real risk of getting burned.

IF you can buy for sub $2, go for it, otherwise forget it