Thanks for the advise. I have also found it very hard to find any
information about the company. I cant complain now though, the stock
has gone up over 10 points in the last four days alone. Volume, though,
has been very light (around 450,000 shares) yet the stock still keeps
going up. Someone out there is doing alot of buying, and whoever it is
thinks that the higher price is worth it. Its only 10:30 am now and
its up again 1 3/4.
Im hoping that the stock is undervalued because no one can find any
information on the company. If this is the case, then once people find
out about it, then they realize the potential and are willing to buy.
If the stock was only at 10 times earnings (and its not now), then
it could have been undervalued since the average company sells at
15 times earnings.
I dont know whats going on here, but anything that can give me a 40%
return in just 4 days is ok with me. I sure wont buy more, but I
might as well hold it for awhile and see what happens. This sure is
one crazy ipo. Im still looking for more info. If i get any ill be
sure to pass it along.
jeff |
