Star Combo Pharma Ltd (ASX:S66) share price boost 100% in 2 days after listing on ASX., page-80

Hi kingkong,

I'm no financial expert so I can't give you any advise, but I can share you my limited experience with similar stocks.

I owned Vitaco shares, I missed the IPO but bought few days after open at 20% more than IPO price, as the price went up higher & higher, I kept topping up (I can't remember but I think I was up by nearly 50% at one stage), the price then gradually dropped further but I felt sentimental & attached myself to the stock. In the end I lost quite a lot of money when it was taken over by a Chinese company at significantly lower price than the peak. I think only 20% higher than IPO price.

With S66, I believe the company management & accountants, who know the most about the financial position of the company, feel that the IPO price represents a fair value of the company, that is 50c.

I asked this question often: Who am I to think that I know more than them?

I thought 50c was not cheap but because I wanted this for long term investment, I topped up at 59c.

I feel there would be FOMO in short term which would push the SP to $1 or maximum $1.3. So I have been gradually selling between 85c to $1.7.

At $1.3, I pretty much sold more than half of my holdings and went 'free carry'. I think wedging the bet by selling some & keeping some is not a bad idea.

But at $1.7 I sold most of it. I'm only willing to pay sub $1 to be honest so I'm expecting the price to go down less than $1 by around August, when the Full Year Result is out.

What's most important is if you sell, are you comfortable if the price goes down further, on the other hand will you feel missing out if it goes higher after you sell. Don't forget to do the math & finally don't attached yourself emotionally to any stock.

Good luck!