Not really. If they went out at 33 they risk breaking the ipo price, so that relatively small sum is just to keep the market stable. On its way to 100, we dont want to scare the holders.
I would describe the open as constructive. Any good news will send this higher, like 50,000 new accounts.
If you needed an more proof of the cluelessness of most 'traderz', just read some of the posts about this ipo it be amazing.,
take a look at the nmx ipo. hit 150 that day. won't see that # for the 6-12 months... this IPO was a partial cashout for the founder. this isn't google.
where do you think it closes. If Market stays firm, I think you 'll get a chance to sell in the 34 area today. Anybody?