Hello friends,
I recently joined this site (not too old in stock market community too) and it seems there is a lot of material here to find out. I'm leaving another thread to which YOU, the "PRO TRADER", can add lot of info...errr, rather valuable and helpful analysis for the enhancement of knowledge-deprived guys like me (after losing some part of my HARD-EARNED BUCKS on this kind of trade, i was on a look for some rules ).
Coming to the point. I was just wondering about the dynamics of intraday trading on the day of listing of the stocks. The major advantage in this is that you get a lot of volatility and the major challenge, to be on the right side of the volatility.
My observation is that within few minutes of market opening, the stock jumps quite a bit and then declines slowly. All this happens in first 1 hour of trade. The later course of the stock is still unpredictable to me. Also, if you, THE PRO TRADER/ANALYST, could put some light on the price pattern of the stock in relation with its listing price, PE, present day market conditions, subcription in retail and QIB segments, etc., and other known factors.
Thanks for reading... Hope you would spare some of your valuable time for me and other fellow stupid traders like me (who actually could not make anything of the Waren Buffett's 2 rules, rule 1: Never lose money. rule 2: never forget rule 1.)
ravi s ghosh
I recently joined this site (not too old in stock market community too) and it seems there is a lot of material here to find out. I'm leaving another thread to which YOU, the "PRO TRADER", can add lot of info...errr, rather valuable and helpful analysis for the enhancement of knowledge-deprived guys like me (after losing some part of my HARD-EARNED BUCKS on this kind of trade, i was on a look for some rules ).
Coming to the point. I was just wondering about the dynamics of intraday trading on the day of listing of the stocks. The major advantage in this is that you get a lot of volatility and the major challenge, to be on the right side of the volatility.
My observation is that within few minutes of market opening, the stock jumps quite a bit and then declines slowly. All this happens in first 1 hour of trade. The later course of the stock is still unpredictable to me. Also, if you, THE PRO TRADER/ANALYST, could put some light on the price pattern of the stock in relation with its listing price, PE, present day market conditions, subcription in retail and QIB segments, etc., and other known factors.
Thanks for reading... Hope you would spare some of your valuable time for me and other fellow stupid traders like me (who actually could not make anything of the Waren Buffett's 2 rules, rule 1: Never lose money. rule 2: never forget rule 1.)
ravi s ghosh
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