High IVR commanding rich premiums Max gain > max loss Volume very for IPO, seems to be settling but could go anywhere
SPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING!...
SPOT could potentially challenge its IPO highs from this pattern.
Neutral and observing, took a gamble and do have some skin in this game so watching how it develops.
Spotify recently went down greatly in price, however, this is also affected by recentness of their IPO as well as activity going on in the DOW Jones. Currently, they are still emerging in market acceptance and are expected to rebound at a price of around $120, with expectations of some very long term potential positive correlations. It is medium to high risk but...