in my alcohol induced euphoria on friday, i forgot that i had managed a 2K bid via On Market Book Builds for RHY, Rhythm Biosciences........a IPO to list with a plan to develop a blood test for bowel cancer. The big clincher was the existing register.
As mentioned before, i like to align the 5 grander with smaller players, and as such, cannot use it to take part in placements etc, however, like TNO, this was available to all if you were quick, and being an IPO, doesnt need a 708. I assume that no news as yet means i got my allocation and as such, will need to quarantine 2K for it.
I dont anticipate a trend for using the 5 grander for IPO's as i havent had a brilliant record with them, but TNO and RHY were compelling.
Strategy from here on?......to keep to my strategy!...that is, catching and killing my own, not chasing the hot stock of the day. I miss some good trades, but need to consider the risk. Now, having a bit more in the tin means i can up my parcel size to be able to trade, and hold as well....(thats the theory).....again, i will likely hold a decent amount of cash, as, though the market is still hot, i'm a bit wary of a hard pullback, which could spit out some opportunities of quick trades
Good to see some active players here now, and, most are doing well even though its not a competition, though, putting it out in public does put the pressure on !
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