Spotify(SPOT) inside day after IPO
Updated
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!
So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout!
If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
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!
So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout!
If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
Note
Got the 1st kick , trail the others yo!!Note
both inside day after IPO were nice trades~
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