Experience helps, but only to a certain degree. It's always a difficult decision, when your one of the first buyers of a new issue, to determine if it's worth the starting price. In this case I thought .50 seemed pretty decent, based on the ss, and it was getting some good hits, thus the reason I jumped in. I certainly didn't expect them to start bid whacking the chit out of it...lol.
The first couple days of trading can be a little chaotic though, remember SEDO ran to $2.80, I think on the 2nd day, then got whacked back down to .70, then turned around and ran to $5.00.
We'll see how it goes in the coming days, if they legitimately want a higher share price, or they just want to sell shares, at any price, it will soon be revealed.
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