We were caught off guard by the opening premium. |
We were not expecting the stock to open this high. Up 5 points, you can't argue with that. |
We're fighting the two biggest enemies of the IPO market right now, uncertainty and volatility. |
We've been calling for the IPO market to slowly dig itself out, and China Unicom puts muscle behind this statement. |
What we have, in reality, is a market that is fearful of many things. |
You have to cut to do well now and show the investing public that there is a visible cut. |
You have to love the company itself. It caught lightning in a bottle and is a tremendous company. But where we have a problem is that emotionalism will now dictate the price of the stock. |