I think the worst time to buy an IPO is on & soon after IPO date. For example, say you want to buy a car/home. Who would get a better deal (seller/buyer?) if you buy on the day the seller came up after employing several experts to identify most promising day for him. Also after seller spent millions of dollars to shore up demand for improving seller odds. How is that different for an IPO?
IMO best time to play IPOs is after the stock forms 1st base which happens typically after 6+ months since IPO date. This allows sufficient time for the stock to fade away from public and also clear up extra supply. Then if market and stock fundamentals are good, the real move starts. The chart has additional details. Your thoughts?
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