The last day of July today and we will welcome 2 public holidays in August and the 7th lunar month too.
Ok, I don't know how many readers really show-hand and applied for the Rex International IPO, but the allocation ratio is so purposely done. Many of us will get only 1 lot if we are lucky in the draw and that is far too little. I was expecting to get more but it is quite obvious that the underwriter want the lucky few to sell their miserable 1 lot on debut today. Looking at the pre-opening figure, it is not going to be profitable at all. At 52cts at the point of writing, one will still lose as the commission alone is already close to $30. I guess I will have to keep this lonely 1 lot for some time, or to add up the stock and sell ......
