Tuesday, 14 August 2007
When do I usually sell my IPO shares
Here is the poll results for the timing in which visitors to this blog sell their IPO shares. 45% of those polled sell their IPO shares on the first day of trading (if it is above water) and i believe the mentality is somewhat like buying 4-D or Toto with $2 and the sudden 'wealth' seemed too good to be true. :)
The fact that the prices of most IPO shares dropped after the first day seemed to reinforce the belief to 'take the money while it is still there'.
34% of those polled wished they have better luck in getting the IPO shares. I have previously shared some tips on how to increase your chances to get the public IPO shares as well as how to lay your hands on the IPO placement shares. I hope these little tips will help you in one way or another.