Still profitable to invest in recent IPO stocks like “Meli” and “Lulu”?
Lonny asks:
These stocks have been shooting down in the last week even though they are still relatively new. Do you think it is still profitable to invest in these stocks? Have been losing money on Meli big time, so I dropped it. Wondering if I should reinvest or if there are better stocks out there.
These stocks have been shooting down in the last week even though they are still relatively new. Do you think it is still profitable to invest in these stocks? Have been losing money on Meli big time, so I dropped it. Wondering if I should reinvest or if there are better stocks out there.
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For IPO if the performance in the first week is not profitable, than you should quit. Put it on the watch list and see how does it run.