The big money on these is made by pure gamblers. If you even attempt to apply logic you are toast. I heard 3 flippers on the open have already committed suicide, leaving no note.
dude, the spreads are over a point sometimes... with trades going off on both sides continually... i guarantee you mm's are making hand over fist what directional players are doing today. no contest.
tell me if I am wrong but even back in 99, you wouldn't see that kind of intraday range on a first day of trading (point AND percentage wise) I don't remember anything like that . This is a farce
yes it can be shorted on day 1. consider yorself luck that you are not a member of the club who can do it
Ring Register and Run From Baidu.com By James Cramer About this article: It's absurd that Baidu.com is up $70 from its pricing. It's bad for the business, it's so 1999. . Baidu's gone from being priced at 590 times earnings to trading at 2,000 times earnings, so ring the register. http://www.thestreet.com/p/_googlen...l?cm_ven=GOOGLEN&cm_cat=PREMIUM&cm_ite=003956
Oh dude I made a little over 500k. But this one crazy F**ker in the room made over 2 mil. Still we both felt like peons after finding out that this one guy made 2 billion.
2:43pm 08/05/05 Baidu.com IPO may break into top 10 of all time (BIDU) By Steve Gelsi NEW YORK (MarketWatch) -- With Baidu.com's (BIDU) gain of 440% in afternoon trades, it ranks among the top 10 all-time, first-day gainers in U.S. history and the best since late 1999. It's also the all-time best first day performance among foreign IPOs priced in the U.S., accordnig to Thomson Financial.