From my previous posting:
" Will be very surprised if it comes on under $1.45 "
Well, I was very surprised !
In the current world most, if not all IPO's , are obscenely expensive and Bravura at $1.45 is also obscenely expensive but cheaper than its benchmarks.
So, so what do you do ?
Not play ( Which is sensible but boring ) or continue to play in what I would call an obscenely priced IPO world.
I'm sure we all speak with a lot of players and the singular message that I am getting is that it is extraordinarily difficult to make money in the markets at present. Me included.
I am holding Bravura to see what happens.
