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peterdoobes

2,470 Posts.

55

17/11/14

12:28

Post #: 14301331
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Originally posted by Katavi ↑

Peter,
Couldnt agree with you more. I took some in the IPO for fun and ditched them around $1.67.
I must admit though, when a small cap does an IPO and less than 150,000 shares trade on opening it is often a bad sign not only for that particular stock but often for IPO sentiment in general. I hope the market for Spruson on Wednesday is good as that will auger well for MPL.
If Spruson fizzes realtive to expectations I fear downgrading expectations for MPL may also be in order. Damn !!

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Spruson doesn't have hockeystick forecasts like SIO so don't really think they will be comparable in terms of listing performance
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