I never do this, until today. Just bought an IPO
China Finance Online. (JRJC) Priced at 11, opened at 16, back to 11.75.
I think the underwriters will keep it propped up, and hope to get it sold back at 15.
Forget about charting on this! This is a flyer for me.
"The very existence of flame-throwers proves that some time, somewhere, someone said to themselves, You know, I want to set those people over there on fire, but I'm just not close enough to get the job done."