Post IPO Results

As my readers know, I have started "speculating" a small amount of firms post their IPOs.  I say speculating as these are not necessarily value stocks (though I felt FGL was).  Here is a table showing my success this far:

Date	Stock	O/C	Purchase	Sold	$ Gain	% Gain	Current
10/18	VJET	Cl	22.09	24.13	2,040	9.2%	35.75
10/30	SCAI	Cl	26.80	26.95	465	0.6%	31.77
12/11	ATHM	Cl	28.80	35.03	18,690	21.6%	51.76
1/31	MBUU	Cl	17.50	19.18	6,720	9.6%	20.85
2/13	FGL	Op	19.75	22.29	2,108	11.0%	22.29
2/27	LMNS	Op	12.94	12.80	-1,110	-1.1%	12.80
Grand Total					28,913

Now, you can see my gain has been (with my multiplier) almost $29,000.  That is quite good when you consider I have held most of these less than a month.  The interesting component is what they have done since I sold them.  They have gone up an aggregate of $69,000 since I sold!!!! Whoa. I could not believe ATHM was now $51.76.  Of course, these are volatile plays. Recall VJET (now $35.75) at one point topped $70!

I think the moral of the story is that I will continue to dabble in this market and I will be a little more patient to hopefully reap a little additional profit.  We will see if LMNS spikes.  And there are a couple companies going public today and tomorrow. Stay tuned.

geeks note: The FGL numbers above are a bit strange as I bought FGL initially at 19.75 and sold at $19.80.  But then rebought at 20.01.  The table above really illustrates my current open holding but my overall gain.