February 22, 2016

SNOWMAN LOGISTICS well below listing price

Did not get allotment in the recent IPO ?

Worry not.

The stock is now trading around 50 and is well below the listing price of 75.

Since nothing has changed much pre IPO and today, I wonder if investors who missed the chance will now get in specially that the stock is so cheap!

Technically, I have a simple rule... consider a buy when stock closes above last month's high. As of now, this is some distance away.

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