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Tuesday, 7 August 2007

Am I lucky or am I not lucky?

The deteriorating stock market claimed 'another victim' today when MAP technology closes below its IPO price. (This will somewhat affect the sentiments on ETLA negatively?) In addition, the 'price premium' over the IPO price has also been decreasing steadily and the premium is now 10% to 20% on average. For the first time in many months, i actually wondered if getting allocated for IPO shares is a good thing under current bearish mood.
I am vested in both China Hongcheng and ETLA. A 10% to 20% premium over its IPO price will mean an opening range of 55 cents to 60 cents for China Hongcheng and 52 cents to 56 cents for ETLA. Good luck.

1 comment:

Anonymous said...

hi some ipos have recoiled back after today. lets hope friday's good

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