IPO Calendar and Penny Stocks……Is there a Trend ?
Playing an IPO offering is just as confusing and challenging as investing in blue chips or penny stocks. Yesterday we saw Hudson Pacific Properties (NYSE:HPP) priced @ $17 and as of right now it is trading to 17.40. Now this was a deal that many people thought would be dead in the water. Prior to this offering, five REITS have done IPO’s this year. All five traded lower on the first day. Does this change the trend of IPO’s trading at a discount on the first day? Probably not. The new issue/secondary calendar tends to get a little thinner in the summer months. So developing any type of trend might be a little difficult. A lot of IPO investors are high risk high reward investors, the same type of investors as people who buy penny stocks. They both have something in common; neither likes to lose money.
So if IPO’s are not priced more favorably for retail investors and institutions, we may see even more deals cancelled or delayed in July and August. Nothing in the market is easy to predict. Nobody has a crystal ball. We are always looking at hot penny stocks and trying to predict the next winner.
Check back for more updates and free penny stock picks.
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