Smart move to do the secondary! It gave insiders who wanted to sell a chance to pull some out without tanking the stock and it made the first lockup a moot point. I bet no one will notice when the fourth of July comes about and the real lockup window opens up. This shows me that wall street has finally figured things out.
But extremely hard to hold long enough to profit from it... I've eaten here, seen friends eat there and know that everyone enjoyed the quality for the price... They are certainly off to a good start... But stocks like this take awhile to really take off. It's more likely that everyone here will have sold and be long gone before this one starts to double, triple and beyond... You have to hold, dollar cost average and eventually remember why you're holding to win in the stock market. Good luck to all! If you're here for a short term pop then you may want to look elsewhere but if you have the patience well see you in four or five years with some potentially great profits :)
I believe this is just the start of a very long up trend but will see a lot of volatility along the way.
I've held many a stock forever only to see a day like this and sell way too soon.
If you are a long term holder and feel the need to get out then you might want to do so in thirds and plan to keep something for the long term.
There are a lot of companies that need to start seriously looking at replacing petro based products with biodegradable ones and Metabolix makes the best product on the market... This could be the first of many such deals.
Good luck to all investors and congrats to the insiders who are becoming rich off their recent investments.