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Saturday, May 18, 2019

TWO RECENT IPOS WHICH I TRADED AND INVESTED IN

SINGAPORE STOCKSDear readers, the US IPO scene has been getting so vibrant recently and I believe it is a good opportunity to invest in those US stocks which has a proposition that you believe in at near IPO prices. Yesterday, there were a number of US IPO stocks debuted on the US stocks exchange from which I am interested in two names, they are:

1) Fastly

2) Luckin Coffee

And thus, I spent the bulk of the night yesterday trading and investing into these two stocks.

For Fastly, an IT web company which offers the speedy internet services, I did a contra trade and was proud of a four-digit profits done contra overnight.

As for Luckin Coffee, the performance of this often-touted challenger to Starbucks was not really a good one as the stock price first went north before heading down. I bought the stock at one of the lowest price points for yesterday but it was not the lowest. However, the position was a small one as I just wanted to hold on to a stock which gave me the thrill of holding to an equivalent of Starbucks meet Grab meet technology. Beside, I am a coffee lover too, haha.

As a caveat, never speculate in IPOs. I know what I am doing where it comes to trading in IPO as I have done considerable research online to zoom down to what I am buying. Have a Good weekend!

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