that's right!
I believe that was being talked about so much before the float.
So i probably can say the float was at 2.55 which was met by those analysts' expectation of opening at the lower range.
What would that impact retail investors? I believe most of the retail investors wereso afraid to buy at 2.55, because all the negative comments being flying around the IPO. The retail investors who have the shares were probably the ones who were selling.
Now at 2.7 retail investors wouldn't even touch it since it was already very expensive at 2.55 according to the analysts. Then it went further. Then who is buying?!
I'm not singing the praise. I'm just saying don't get tricked by those analysts' report or recommendation. If there is a good bargain they wouldn't tell you. If they tell you a bargain, most of the time those instos have already finished buying.
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