I am in elsight and would have been happy to flip at a profit if I could have but also happy to hold. Even if I was planning to be a long term holder from day 1, I would still be annoyed by a performance like what happened today. Why pickup shares in an IPO if you think that a poor handling of the register will mean you can pickup shares cheaper on market? I was slightly tempted to get into GMV as part of the IPO and decided against it for a few reasons. Nothing better than to pickup post IPO and get 30% more shares than what I was willing to spend in the first place (all great on the assumption it goes well in the future).
Not willing to cost average down on this one and will just see how it goes over the coming months in terms of news release.
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