RE:NYN over value at open
ForesstGump wrote:
due to retail rushing in...
I agree look at all the other IPO's on the venture or newly listed stocks
they are like firecrackers...they go off with a bang but fizzle out
look at XAU, CXV, even everyone;s beloved PHM...all are lagging a bit now
regardless of the pumpers
I just bought NHL after 3 months of watching...I will hold for 3 more months and see where that is
ALL OF THESE VENTURE STOCKS RUN BY THE SAME FORMULA
1- get buzz around the new listing...ie newspapaer articles..stockhouse articles..everyone talking about it...(like this one)
2- ramp up PPS with day traders getting in and out of the stock...they run it up and then DUMP ALL THEIR SHARES
3-retail investors buy...THEN like clockwork
THE WAIT STARTS for the pps to go back where it was....which it never does
...BAGHOLDERS GALORE
thanks
but no thanks