Dear Ah Boy/Ah Girl,
Do not buy a stock on its first day of IPO. DO NOT chase after the initial hype! The price would usually stabilise to a much lower price than the first day.
For example, $Coinbase (COIN.US)$ and $JD LOGISTICS (02618.HK)$ debuts their IPO recently on NASDAQ and HKSE. Look at their stock price now. They are way lower than their first day IPO closing price.
Only buy IPO stocks after about 1 month or even better after its first quarter report. Be patient like your old Dad.
Love Always ♥️
Investor Papa 👨👩👧👦
...
Do not buy a stock on its first day of IPO. DO NOT chase after the initial hype! The price would usually stabilise to a much lower price than the first day.
For example, $Coinbase (COIN.US)$ and $JD LOGISTICS (02618.HK)$ debuts their IPO recently on NASDAQ and HKSE. Look at their stock price now. They are way lower than their first day IPO closing price.
Only buy IPO stocks after about 1 month or even better after its first quarter report. Be patient like your old Dad.
Love Always ♥️
Investor Papa 👨👩👧👦
...
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