What more is there to say about the state of IPO trading these days: there are Stealth setups, and there are “The Rest”. “The Rest” have been on a continuous conveyor belt of reschedulings and pulled deals – the Stealth IPOs have delivered winning opportunities for just about every play: and outs for any potential miscues that have given patient bag holders plenty of forgiveness provided they exercised a bit of patience and were paying attention when their chance to exit at a non-loss – or even a profit – emerged (I should know, I’ve managed to turn red positions into green on a couple of these myself).

The other opportunity that has been delivering with some degree of regularity in IPO Land is the Lockup-Expiration play (“LPX”) on recent low-float IPOs – which again delivered on-time with TKLF entering LPX on Monday last week, and dropping PR on Friday: sending the stock from the $1.50 level to over $2.70 the day of the news drop. Going forward, I’m sniffing out Stealth IPOs, looking for reversal-rallies on broken IPOs, and scraping up potential LPX plays at bottoms (often selling out for 10-20% gains without any PR hits). In this market, there may be long-term bargains in beaten down growth and tech stocks, but with short term gains readily available in IPO plays, I’m primarily sticking to these trades.

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This Week’s IPOs:

• Mobile Global Esports (MGAM) – July 29, 2022 | 1.5M Shares
  

• MAIA Biotechnology (MAIA) – July 29, 2022 | 1.67M Shares
  

• bioAffinity Tech (BIAF) – July 29, 2022 | 1.5M Units
  

• Onfolio Holdings (ONFO) – July 29, 2022 | 1.7M Units
  

• Jianzhi Education Tech (JZ) – Sounds like this one has been pushed back