IPO - UUV Aquabotix Ltd, page-158

I read an interesting article that quoted a statement by Warren Buffet who said:

over the short term, the stock market is a voting machine, and over the long term, a weighing machine.
So day to day, no one has any idea where the market is going, but over a decade, it's likely going up if history is any guide. That's the difference between long term and short term investing. Short term is unclear. Long term is historically a pretty good bet.
Why does this matter? If you have money you won't need for 10 years or more, the stock market can be a great place to put it. Of course, if you need it tomorrow, the stock market is probably way too risky.

Another article read that between 80-90% of the market is filled with small investors who speculate constantly on stocks following trends with little knowledge of the potential or risk involved with many of their investments.

This company to me looks like a good mid-term trade, taking profits from shares around 40-50c, but due to the statement above it is proven that many people do not have the working capital to hold even for the mid-term or would rather try speculate on short term gains elsewhere, hence market sentiment of sell on IPO to recoup costs. I thought the WHA stock was a good example, I still hold 50% of my holding and sold 25% around 35c and 25% @40c, so have not only made money back but also a profit, while still looking for a MT/LT hold on remaining stake.

It is my belief that if I can't initially gain 50-100% in a stock within 3-6 months what is the point of investing in it unless you are taking it from a long term perspective