that the most obvious , inane trades, like buying SKUL near the ipo price, work 90% of the time. stuff you'd think was too obvious to be worth a damn. the trades backed by 100 indicators suck ass.
The last two IPO's i wanted to get into were Linkedin (LNKD) and Pandora (P). They dropped close to 40% within the first month. They then went on to regain all of the losses and come out ahead of the IPO price. I didn't get into them because i found it hard to identify the trough where the stock was going to turn around. It was too nerve racking for me especially reading negative things about their finances (especially Pandora) in the media. The risk of the stock dipping down and staying there was too high for me. Its interesting to see if Skullcandy (SKUL) will have the same pattern.
I was thinking that Stock777 would comment in thread below. Surprised he did not so far. http://www.elitetrader.com/vb/showthread.php?s=&threadid=223876