So coming up on a couple months since the IPO WSG was announced and eventually came to market. Quick recap, talked about at $19, went to mid teens, then 9 to 12 bucks closing on the release date, and then dropped to $8 if you wanted the IPO. IT opened and dropped like a rock to the low 6's, and had a steady bead downwards, putting a valuation on WTC and Insport of about1.4 billion market cap(400+ million based on stock price, + the billion+ in debt that didnt include)
A lot of us were waiting for a sub 4 dollar price, some low 3 dollar to jump in, I bought at 3;60's and was ready to leverage down to 3. But within a day it bottomed out, and with huge volume, went back up, and in big chunks. Just after a few days at about 4.80 I jumped off again, but it kept going well after that. Some smart guys postured that the banks that led the IPO charge were pumping it, in fact two put buy ratings on the stock the same day. IT was their belief that they were trying to get it back to the $6 dollar range so they could dump off a bunch where it actually opened, and get away as much as possible.. It went to the mid $5's, and then reversed, with very low volume since then. It sits at around $4.60, goes down most every day a little, with little volume no matter what the market is doing that day..Smarter guys than me think we see 3 dollar+ prices again, and think it will be the time to get in once again, or for the first time if you missed it last trip to this price..
SO throwing this out there to get some collective wisdom on this strategy, and what folks think long term outlook could be as a hold too. My problem is not about what is going on at WTC, I think I have a good handle on that, and over all the years it has been a business, I have guessed pretty much spot on what it was worth. I know the shenanigans they played too over the years to dupe the bigger fish into thinking it was worth more, but I'm afraid the music stopped with Wanda, no chairs left, no bigger fish to dupe. And now we have Wall Street backing up my assessment pretty much on that worst buy of the year award..
But what about Infront, I have no idea about that company, what is going, prospects, downfalls, etc. Originally it was valued at more than half of this IPO, but is it still, or was it just an even bigger bungle that WTC was? They just had earnings for WSG, what do some of you that specialize in this think is going on? SO far it seems to be going the way that some smart guys over in the lavender room have predicted, just trying to do some research so that I can be more informed, and perhaps make some money in something that I know, just missing a piece here and there..
So what have you got, who else is doing what I'm doing, and what is your new target buy price on this downslide?? OR is it just toxic, stay away(and why) or is it a buy much sooner, low 4's perhaps?Here is the old thread if anyone needs to catch up;
https://forum.slowtwitch.com/..._string=wsg#p6951710
I was so happy when I owned Ironman, but it was short-lived, I want to be an owner again...This time I will keep a few shares no matter what.. (-;
A lot of us were waiting for a sub 4 dollar price, some low 3 dollar to jump in, I bought at 3;60's and was ready to leverage down to 3. But within a day it bottomed out, and with huge volume, went back up, and in big chunks. Just after a few days at about 4.80 I jumped off again, but it kept going well after that. Some smart guys postured that the banks that led the IPO charge were pumping it, in fact two put buy ratings on the stock the same day. IT was their belief that they were trying to get it back to the $6 dollar range so they could dump off a bunch where it actually opened, and get away as much as possible.. It went to the mid $5's, and then reversed, with very low volume since then. It sits at around $4.60, goes down most every day a little, with little volume no matter what the market is doing that day..Smarter guys than me think we see 3 dollar+ prices again, and think it will be the time to get in once again, or for the first time if you missed it last trip to this price..
SO throwing this out there to get some collective wisdom on this strategy, and what folks think long term outlook could be as a hold too. My problem is not about what is going on at WTC, I think I have a good handle on that, and over all the years it has been a business, I have guessed pretty much spot on what it was worth. I know the shenanigans they played too over the years to dupe the bigger fish into thinking it was worth more, but I'm afraid the music stopped with Wanda, no chairs left, no bigger fish to dupe. And now we have Wall Street backing up my assessment pretty much on that worst buy of the year award..
But what about Infront, I have no idea about that company, what is going, prospects, downfalls, etc. Originally it was valued at more than half of this IPO, but is it still, or was it just an even bigger bungle that WTC was? They just had earnings for WSG, what do some of you that specialize in this think is going on? SO far it seems to be going the way that some smart guys over in the lavender room have predicted, just trying to do some research so that I can be more informed, and perhaps make some money in something that I know, just missing a piece here and there..
So what have you got, who else is doing what I'm doing, and what is your new target buy price on this downslide?? OR is it just toxic, stay away(and why) or is it a buy much sooner, low 4's perhaps?Here is the old thread if anyone needs to catch up;
https://forum.slowtwitch.com/..._string=wsg#p6951710
I was so happy when I owned Ironman, but it was short-lived, I want to be an owner again...This time I will keep a few shares no matter what.. (-;