Well, after LASE basically crapped the bed in it’s rather well-structured IPO last week, it seems that we have no IPOs on the calendar this week. Though we’d hoped for ALPX to debut (I mean, perhaps “hope” isn’t really applicable since there was nothing particularly enticing about that offering), it appears to have been pushed due to lack of interest from investors.
So… for the time being, I’m looking at some Lockup Expiration setups for Chinese Stealth deals that were done about 5 months ago with LPX dates coming at the end of the month, and scalping some day trades here and there on early pre-market headlines.
These setups and more are continuously discussed everyday in our active trading community in the IPOWarriors Discord Channel
This Week’s IPOs:
Lockup Period Expiration (LPX) Watch:
Here are the LPX setups I’m watching to potentially patiently build positions.Most of these are previous Chinese Stealth IPOs sitting at relatively low prices. The risk here is that they are duds and don’t make any kind of run into LPX. Those at the $2.00 mark can relatively easily drop down to the $0.80 level, but we’ve also seen them run as high as $20+ (HUDI SOPA). The bigger risk is that they simply take too long to pan out and you end up watching them bleed out – once we get about 2 weeks past the LPX, you gotta manage your downside with stop-losses: ideally above entry, which is why I start patiently bottom-feeding on these a few weeks ahead of LPX.
Another approach is to simply be aware of these as potential LPX movers, and if you see one of them pop up on a pre-market scanner, check to see if there’s a news headline: even a fluffy PR drop can get these moving pretty hard.To view this content, please subscribe to a Premium Membership.