with a hot ipo, you buy and hold. you don't flip it. you don't mo trade it. if you do, sooner or later, you'll muff it.
the key is buy and hold and let it go.
to have given up that cherished 50 entry with the size i had is highly regrettable. i was just convinced at the time market would turn down badly and i would have a re-entry very close to my original entry. didn't happen. tells ya the pitfuls of mo trading and trading in general.
this stock is a buy n hold, no doubt about it.
the issue is, it's gotten way ahead of itself on even the most generous forward fundamental basis. whether it pulls back or not, is the only issue. i still may get that sub 60 re-entry, as far-fetched as that may sound right now, and it is far-fetched but within the realm of possibility. may just hold this area and consolidate. may shoot higher. that is traders speculating.
the bigger issue is; owning it for the long-haul is a no-brainer.
Do you really think it could go sub 60? I highly doubt it, may go to high 70's. There are too many people that wont let it go that low. There are many that would buy hard in the high 70's before it can even get there.
What the heck, just buy soon before it's to late and you are sitting on the sidelines forever!