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premarket shorts on KBSX covering, they are trapped
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I’m just a regard but the hardest thing about them is knowing where resistance/support levels are to gauge a good entry, especially with things like NMAX where they pump on the first day after the IPO. Also, this was definitely an anomaly in my opinion; if you want some examples of other ways share price can change following an IPO, check out the charts for FBGL and KBSX. These are just two random recent examples that come to mind. I don’t think IPOs are a no go, but they are definitely an area to tread with caution, and not buy immediately unless there is ridiculous volume and upward movement like with NMAX today.