uBID has launched, opened at 30, now at 45, 46, 47, 48 and rising, but
As I've said before (at least five times already), sell the back door early. MALL tanked 20% when the IPO started because they wanted it to open at 70, and rise to 120! IPOs never meet the expectations of the last buyers in the back door.
As I type, uBID now at 50, and rising, on 3M shares (twice the float). this thing may still rise high, but never to meet MALL expectations.
Although, things are moving so fast, now MALL is rebounding. Hell, I don't know what i was trying to do predicting any of this action?!?
UBID reaches resistance at 51, back to 48. MALL now falling again. You heard it hear folks, IPO play-by-play.
Implications to BANY? Not much it seems. Ultimately BANY will live or die by their own story, and the PRs will make the story better and better over the next couple weeks. BANY really didn't react to the TMSC or UBID IPOs in any meaningful way. Maybe because nobody cares about BANY, maybe because BANY doesn't care about other IPOs, probably because its still too early. Its time to start watching for news on the filing next week.
UBID $49 +227%
MALL $31 -$4
BANY .67 x .75 97K shares |
