I hope it goes to 40 and even above if possible...........took a loss yesterday on DANG like a fool, but such is life.........picked up some QIHU in AH not really following it throughout the day another foolish thing.............On that note, I plan to hold today and possibly add more.............let's hope for a great day......
I'm guessing it goes to 40+ on Thursday. Don't know about Friday yet. There is no way to predict IPO price movement that far ahead - you need to look at it hour by hour.
The one thing i see as a huge positive is yesterdays price movement was up from noon onward!! So it sustained momentum for 4 straight hours! And basically sustained momentum all day - except the first spike in the first hour or so. That could mean it has already found a base at around $30. Also it continued to rise in AH. It'll be interesting to see where it opens today. I'm guessing $35.50 with a quick shoot to $40 within the first hour.
After that??? Who knows???
YOKU, DANG and even TSLA were very volatile in their first 48 hours but it doesn't surprise me that this is not volatile so far because QIHU is already profitable and already brings in substantial revenue! None of those mentioned earlier were profitable.