Purchasing a promising company’s stock right out of the public offering gates can yield great returns for long term investors. Example: Google Inc. (GOOG). The stock opened at $100.00 in 2004 and is currently trading above $500.00. But I’m not an investor who holds stocks for years. Instead, I currently find success in riding the short term trends, holding stocks for only a few weeks to a few months.
So, do Initial Public Offerings (IPOs) have a place in my short term portfolio? The answer is, generally, no… read more