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To: Spekulatius who wrote (53962)6/2/2014 10:13:09 AM
From: MCsweet  Respond to of 78568
 
FRSH -- thanks for pointing this out.

IPOs often get a bump up on the last day of the month. Underwriters want the month-end statements not to look so bad, so they put up a high closing print.

I wasn't paying attention, else I would have a limit-on-close order.

With that in mind, I sold part of my position on the open at 10.94 today. Unfortunately, I didn't get all the shares sold.

Still a nice little trade.

MC