Good morning
OMGIF = omg is Friday. To new trader out there who just started trading or learning how to trade, there is a symptoms that will haunt u. you wont TGIF, but u will OMGIF. you dont want Friday to come, because the next day the market is close and you cant trade, the next next day unfortunately is Sunday and the market is close again.This 2 days for you will be somewhat boring and no $$ can be made.That is why the symptoms comes in. However, i urge you guys not to rush, stay patient stay calm. This 2 days of rest is to do ample research for the following week to come.So if you are serious in this business, this is a ongoing process and is not going to be easy.
MAPLETREE INDUSTRY TRUST IPO
Alright alot of people have ask me about mapletree industry trust IPO. It launching at 0.93 / lot. It is a property trust, which owns factories and other industrial properties in Singapore.
chk out this site http://sg.news.yahoo.com/rtrs/20101011/tap-mapletree-ipo-c3bb44c.html
It has many interest from institution investor. It would be a good dividend stock as REIT is more of a dividend than capital appreciation. It let you have property in your portfolio without being the landlord.So have a long term horizon on this will be good to have a effective return.
For new traders or investor, please note that for IPO balloting, you might not get the number of stock that you want. As in you apply 10lots, maybe you get 1 lot.
So if you wish to sell it out quick, do you maths right.
For buy + sell fee = approx $50. So those who get 1 lot, to earn $50 the stock have to trade at $1.04 which is a 11% upmove.So get it right.Pls dont try to buy the stock from the market if you miss the IPO. The institution will love you alot, as you will be the person whom they sell you the stock and get cash from you.
So far there are 21 IPO this year of which there are 7 stocks that are trading higher than their IPO price and 14 trading lower than IPO price.
Average gain/lose in term of % from IPO price is -2.33%.
These are purely my own analysis, opinion, calculation. It is not a recommendation for any action to be taken.
