Do yourself a favor and don't try chasing this stock at these levels. You could easily end up as road kill. Sentiment in the market is decidedly bullish as compared to the sentiment at the time of the Red Hat IPO. Buy it on pullbacks if you think you must own it. Or buy Red Hat as an alternative if you must play the Linux theme. (Disclosure, I own Red Hat).
Not ALL IPO's dive after their initial public offering. Some just keep going up. Check out these recent IPO's: Redback(RBAK), Juniper(JNPR). If a company has the potential to create a paradigm shift, such as Red Hat, you DO NOT want to bet against it. Fund managers do not want to miss out on the next big thing and they might continue to accumulate these shares at higher, and seemingly outrageous prices. Remember that ANYTHING can happen on WallStreet!
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Do yourself a favor and don't try chasing this stock at these levels. You could easily end up as road kill. Sentiment in the market is decidedly bullish as compared to the sentiment at the time of the Red Hat IPO. Buy it on pullbacks if you think you must own it. Or buy Red Hat as an alternative if you must play the Linux theme. (Disclosure, I own Red Hat).
Not ALL IPO's dive after their initial public offering. Some just keep going up. Check out these recent IPO's: Redback(RBAK), Juniper(JNPR). If a company has the potential to create a paradigm shift, such as Red Hat, you DO NOT want to bet against it. Fund managers do not want to miss out on the next big thing and they might continue to accumulate these shares at higher, and seemingly outrageous prices. Remember that ANYTHING can happen on WallStreet!