New issue have been horrendous this year, I think I made decent money on one, CBDW back in January or February, it went on a big run early on in the trading, before shitting the bed.....but that's about it though, the rest have pretty much been either completely illiquid or tanked. I'm very leery about new issue in this current market, I've never seen them this bad.
Will not surprise me at all if we see MANY tickers being abandoned next year, if I see anything getting really late in their filings, I will start dumping them from now on. I've lost quite a bit of $$$s on abandoned tickers this year. Its not worth spending the money to file any more for many of these companies, as there is just no volume at all whatsoever.....new issue are especially bad, these companies cant even get more than a few thousands shares in DTC to trade....and no one seems to want to buy those anymore.
