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Strategies & Market Trends : The Market Taught Me That......
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To: Cynic 2005 who wrote ()11/5/1997 1:09:00 PM
From: T-Lo Greens  Read Replies (1) of 151
 
Well the IPO of TSM Taiwan Semiconductor came out last month and I immediately jumped on the chance to own the ADRs of a blue-chip Taiwanese stock. Bought at $27 and again at $30 1/4, but sold 2 days later at $30 15/16. The reason? Well RL stock taught me to get out while the IPO is hot - bought at $32 1/4 and it dropped to $24 1/2...took a bloodbath on that one.

Check out TSM, it's up and coming again and I've increased my position.

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