Many people who bought on IPO saw the SP went through the roof on the opening day and were expecting the same trend. Unfortunately, that is not happening here for them. They are starting to compare how much they are loosing for not selling on the opening day vs today. We are more driven to avoid loss than to pursue gain which is happening here. The volume is still not big enough to worry about and this is just the first week. Most of the LT are driven by the future of the company not what is happening today.
having said that, Everybody has their own risk tolerance level and they will act accordingly.
Add to My Watchlist
What is My Watchlist?
