Although I've played the IPO aftermarket at least 15 times in the last two years, I am puzzled by the fact we have seen broker coverage within ISIL's 30 day quiet period. I haven't seen this happen before.
Does anyone know how this happened? Does the quiet period technically cover only the underwriters, such that other brokers are free to initiate coverage? It just generally seems that all brokers wait for the expiration before initiating.
With regard to ISIL's support levels, we seem to have built some pretty strong support at 46-48. We've bounced off of those levels numerous times already. Of course, one could argue that three weeks of activity hardly constitute building support. Nevertheless, I think the downside is very limited for ISIL. I like those types of situations: limited downside, yet at the cusp of expanding product lines into an explosive market.
It seems the majority of investors on this board are knowledgable and rational. I hope it remains that way. I can certainly do without the hypesters (ISIL to $400!) and the doomsaying shorts (ISIL SUCKS! GOING TO $10!).
I understand that the soonest any broker coverage happens for any recently issued stock is 15 days. I waited until Wednesday to buy into ISIL (should have waited an extra day), but I figured that initiation of coverage was just around the corner.<EOM>
1. They realize as you said...the potential of this stock...in this market...let me add bluetooth...isil used to be harris which has a history... 2. Hello...they own the stock...robertson stephens and others let a stock settle after an ipo...then buy and issue upgrades.. or coverage...