|
| quote: | Originally posted by electro88
I believe its just priced high because of all the attention its getting from everyone since the IPO, I expect it to perhaps die down a bit in a few weeks then maybe I might purchase it. |
It's not just attention that drives a stock price up. Do you have any actual comments about their business model to be able to say you think it's overvalued?
The IPO price is always at a discount to the underlying valuation. When a stock goes down after going public, that's a pretty bad sign, considering it was at a discount to begin with.
|
