The IPO market is really tough right now. Stocks that are not profitable, and have
unknown revenue growth will not trade higher. Look at Melco PBL.

I own SDXC which reports earnings next week. Earnings might provide some upside, not to
mention it got a slew of upgrades last week (insider knowledge?).

I'm certainly no expert, but I have never thought it wise to buy an IPO right off the
crack of the bat. Ok, if one has managed an allotment through a broker at the opening
price, but otherwise I think it's good to sit back and watch it settle out a little while.
There are few that are of Mastercard quality.

Was priced to high coming out of the chute had no place to go but down.

It dropped b/c it was priced too high. At the last minute the range was raised which
overpriced the stock. It was difficult to know unless you were looking for it. If you're
looking for a recent decent tech IPO, look into SDXC at current price. Niche business, few
competitors, big name clients.

Icsusa, Cramer had a call on this last night. Check out what he had to say.

Actually, Cramer didn't get it wrong. He expected a dip after the IPO and said to buy
more of the stock on weakness. He called it a long term investment.

Second day of a new issue? With NMX I learned NEVER to buy a new issue until you get an
idea of its trading range. I held that stock for 3 months just trying to get even. I did
make a couple of bucks anyway.

Cramer recommended it. Got it wrong. His bad.

I got in at 24.93 and it's down almost $3 in a day. Any idea why?