HSX Forum
Playing & Trading Strategy
Well ... 'Shares Held' is a unreliable indiactor for IPO initial movement
Posted by: Lib84 on Nov 23, 06:43
SWHTM was overwhelmingly held long yet is nearly down 7.5 pts.
Ā
There goes that theory!
Well ... 'Shares Held' is a unreliable indiactor for IPO initial movement
Lib84
Nov 23, 06:43
I was surprised by that, too. Seems unlikely, but, maybe the shorters were a larger number of traders with small positions, while
edzep
Nov 23, 07:27
yeah, that probably is, make sense
{nm}
krapnek
Nov 23, 10:33
Your Port Monkey update
edzep
Nov 23, 11:59
thank you so much edzep! :D you're the man
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krapnek
Nov 24, 03:37
maybe the rate at wich the stocks are sold also has influence
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krapnek
Dec 02, 17:02
But it's shares held, not number of people holding it. You would think that if the number of shares held long by far outnumbered...
photochick814
Nov 30, 07:13
it seems like the IPO price is set with a certain expectation of how many will go long vs. short and the stock price is driven by that
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lapuckfan
Nov 23, 10:54
It seems kind of stupid that 32M shares of people thinking the IPO price was too low and 5M shares thinking it was too high
shadowking
Nov 23, 13:08
That puzzles me, too. I watched the Saturday IPO all day, and it's movement gave me fits
Chefbobcat
Nov 24, 03:19
maybe the rate at wich the stocks are sold also has influence
{nm}
krapnek
Dec 02, 17:03