Bought IPO on Friday, knew it would spike today, thought 3.89 would make sense, was exactly correct, but still sold early because it consolidated at $3.10 and fading vol. Played it safe to recoup pre-mature buy on Friday. Need to be more patient on both ends!!! Always wait to see where IPOs settle, institutions will always erode the opening price. Ex. TWD: .89 cents turned into $5 before it even hit the open market.