Monday, December 19, 2016

Sold RhoneMa - 19 December 2016

I was very fortunate to be allotted some RhoneMa shares in its IPO.   Today is the first day of listing which in the first 10 minutes of trading, it hit a high of 0.855.  Since then, it has been under selling pressure which hit a low of 0.81.  Seeing not much upside potential, I have decided to sell it off at 0.83.  The initial price at IPO is 0.75.  This translate to a 10.67% gain.   Not too bad for some quick profits :)

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