Offering was for 4 million shares at 22.50 per share , expected to close on Jan 25th .
I took a position in the aftermarket today after finding this .
I like it for the following reasons:
-We are trading under book , P/B is 0.59
-Institution ownership is 67.30% I think this will help to reduce further sell off at these prices .
-Trading closed below the offering price and I see potential for an 11% gain assuming target price is set just under offering price of $22.50. I think $22.49 is a very modest target given the circumstances .
One concern I have:
We have not seen a proper reversal or consolidation to help us determine a good entry. Nonetheless, I am willing to enter this far below the offering price . I still like the risk vs reward and I am trying to take advantage of a small price move only.
Good luck ~
I took a position in the aftermarket today after finding this .
I like it for the following reasons:
-We are trading under book , P/B is 0.59
-Institution ownership is 67.30% I think this will help to reduce further sell off at these prices .
-Trading closed below the offering price and I see potential for an 11% gain assuming target price is set just under offering price of $22.50. I think $22.49 is a very modest target given the circumstances .
One concern I have:
We have not seen a proper reversal or consolidation to help us determine a good entry. Nonetheless, I am willing to enter this far below the offering price . I still like the risk vs reward and I am trying to take advantage of a small price move only.
Good luck ~
艾力克~
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
艾力克~
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.