I've really only been dabbling in OnMarket offers since the Sydney lockdown, Red Devil - too much time on my hands. I recall now losing money on R3D and Tek-Ocean, but making small profits on Culpeo (worst profit) and three or four others that i've plain forgotten their names. I'm still holding half my AVZ and most of Revolver, which only listed on Thursday. Missed out on Zoom2U because i was too late to press the buy button. I haven't taken any broker IPOs because I have some anti-broker sentiment going back to the 80s - if you appear on their radar for a float, then they're scraping the bottom of the barrel. OnMarket are given allocations to satisfy the need for spread, so you need to act promptly. And, only invest in the $5000 - $10,000 range, because anything more will be scaled anyway (they're only looking for spread) and, frankly, it's a gamble investing in something before reading a 200-page prospectus on a subject that you know nothing about. In fact, that's my rule: If I'm in and know nothing, then bail out on day1 or day2.
SMS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
