I think when everyone gets their allocations or statments between now and Tuesday, they will sell and take some money off the table, what would you do??
I don't think the underwriters will get much or anything at all, their underwriting fee was money for jam. Anyone who didn't want the stock surely would've sold the rights and given the stock price at 5pm on Monday and the previous few days, they would've all been taken up??
I had 1.5 mio and I've sold the lot, but I will get back in at lower levels.
TIR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held