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I feel a dangerous attraction: I like to buy recent IPOs below the IPO price.
It boosts my ego: ‘Hey, I am smarter then the “HIPE” guys!”
If flattens my laziness: “They had to go through all the uncomfortability of signing an IPO, then had to wait. Blah I do it now and at a better price with a simple click”.
Of course I know all that is wrong. I am likely to chose the companies that have lost momentum. Let’s say I was lucky with Facebook, so I am going for ALIBABA now.