I generally agree with the comments on IPOs made by Nani. I think it's important to realise that an IPO is an event driven investment and once it has listed the event has passed and it is just another stock after that. The same applies to HSO and sold everything on Friday at $2.20 . Interestingly , with HSO, the private equity vendors still hold about 80 percent of their initial holding. There may still be more of an event in this stock as why would they still be holding such a large stake.
Also, I think what is important is not how many times you are right in investment decisions. The real thing that makes money is how big your bet is when you are right. This makes the serious money over time. I also agree with comments made by Nani on Medibank. However, first want to see company results and pricing then will be more confident in stag profit expectations.
