Hopefully those that trade IPO’s on a regular basis can help me out. I’ve been looking for advice And strategies for buying newly listed IPO’s on the day of their release. It’s been a common theme for certain ones to squeeze on market open and Im unsure whether buying right on market open is a good idea or if it’ll fill my market order at the peak price and get stuck with bags. I want to be part of the run up, but if that’s not possible then I suppose I would look for dips on re entry. Any advice on this is appreciated. Unfortunately my broker does not allow me to buy IPO’s in pre sale, so i’m forced to buy them at market open.
My goal is to day trade them on the day they’re listed, such as with $STBX and upcoming ones that are being listed on the Nasdaq. Any helpful insight on this is appreciated.
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