There is a study that shows most IPOs draw down before going up. Let's find those depressed IPOs that have significant insider buying and significantly lower than their 52 week highs. So we can invest in them.
For those of you less inclined: https://finviz.com/screener.ashx?v=111&f=ipodate_prev2yrs,sh_insidertrans_pos,ta_highlow52w_b40h&ft=4
This has brought me to three options:
GSKY
and PROG.
And MPLN (SPAC beware). I like all three.
They all have significant insider buying enough that it matters. I filtered it out. It's best. Usually means stonks go up. **Usually**, not always. Almost always.
Don't know what these are? Read articles on SeekingAlpha for free. MPLN doesn't have any free articles. Read this instead: https://yetanothervalueblog.com/2020/12/multiplan-part-1-short-squeeze-potential-mpln.html.
I am probably going to buy call options on those. MAYBE. This is not investment advice. I want to.
Usually IPOs depress after their lock-up period expires because insiders (and private investors who owned the company before going public) start selling. Look for this https://www.marketbeat.com/ipos/lockup-expirations/. List of lock up expirations.
If I forget anything, I will update it here. Put it in the comments.
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