I have done some research on IPO reversals: they tend to happen around 50% off of IPO high. CRSR did have a hype craze to it. Gonna put it on watch alongside QQQ and tech stocks.
Did not surpass lowest close $25.61 yet. Double bottom at play.
Interesting. In your research, what was the average snapback you saw once the 50% drawdown mark was breached?
kidze
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@Heartz80, that depends on the fundamentals of the business. I did not do a statistics on all IPO that has made at 50% drawdown. But I observed hot IPO with good fundamentals and stories, ones an average person would love to own, and look at what is a good price to get that has low risk if they don't want to buy at IPO.
Case studies would be FB. Great stock, bottom was found 50% from IPO high.
SNOW, bottom found at 56% from IPO high
LMND, bottom found at 54% from IPO high
ZM, bottom found 43% from IPO high
HOOD recently made a bounce after making a 50% drop from IPO high. However, it is not proven to be bottom yet. But it is just a good buying point for hot stocks if you want to own it long term. For trading the bounce I would not recommend.