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Qiao Xing Mobile Comunic |
Where did yall buy in on this one? I was watching it the entire day,
and saw it drop from $12.45, eventually I took the bait at $12 without
realizing IPOs traditionally drop lower than its original pricing for
the first few days and then come back up again.
I gave in when I should have waited for the premium to subside. I'm
going to ride this one for a couple of weeks, hoping for a 15% profit
> rm1...@nyu.edu wrote:
> > Looking at the telecom manufacturing industry, it seems that this
> > stock is undervalued compared to its competitors. I believe this is at
> > least a $15 stock, possibly reaching that level in the next couple of
> > weeks.
> > Shares it above $12 for the first day, and now are in the low 10s,
> > wondering why it dropped so. Guess profit taking, people aren't sure
> > about recent chinese IPOs. However, the entire telecom industry on the
> > whole is fairing quite well lately.
> > What do you all feel this stock is worth?