The fat cats in the institutions get a nice big allocation, then the sophisticated type investors get their beaks wet if they haven't already picked up shares pre IPO, then comes the mug punters who think they will make money short term. Investing is a tricky game with companies with limited track records but with a compelling story. If you paid $1.58 in the IPO allocation you may well need to hold for 12 to 24 months for the story to unfold or sell out at a loss. I only bought in an allocation once because I helped restructure a company a few years earlier and knew the banksters had undervalued the assets a lot. Sold out in 9 months at 200% profit. They are now 500% up. Entry, Hold, Exit strategy.
ZBT Price at posting:
$1.22 Sentiment: Buy Disclosure: Not Held
