OK, I think the party is over on IIJI, and my concern in it yesterday is right! Read #34993. Now News is out, so, I will jump the boat in pre-market and leave it alone. 3-gap theory never fails, no stock can give you the 4th gap! NONE!
hi, I saw the news out...price of the ipo is roughly 13.066...with some people still thinking this is a good buy here and having overnight orders in at the last price after hours...at 13.34...you would think we could get at least 30 cents less than that...to sell I mean
Looks like the market priced it AH. Now we know why it tanked 5-6% which is what the discount is on the IPO based on yesterday's close. I agree. IIJI is done for a few days. Once the IPO in Japan starts trading, it may be a play from 6/23.
All those who bought in the high 13's expecting a gap up are going to be dumping big pre-market which will probably bring the downside to mid 12's at open.