major marine fuel oil, ipo jan 10, positive earnings 13 nov, low float.dd
The underwritters just got the most rewards, nobody else.
funny !! EJ, MMYT, XUE and GEDU are overpriced IPOs !! All know it and all prudent investors stay away from them.
however if you like hyped stocks and you ignore the fundamentals, go ahead for EJ, MMYT, GEDU, XUE etc.
Why is so cheap with all this positive news (expansion 200%, 3 acquisitions, shares buy back plan etc)?PE is less than 5! Do they have any kind of transparency issues?
It's not new. It is old.