Intentional B.S.
Hey guys,
Here is something to think about. Renaissance Capitals mutual fund IPOSX, is a fund that basically functions as a basket of recently debuted (aftermarket) IPO's. Despite the release of some stellar IPO's during the last few weeks, the fund had still been lagging behind. Then here comes EFUT, a stock that has more than doubled since it debuted. Funny thing is, IPOhome.com (by Renaissance Capital) never did mention EFUT. No one knew about EFUT. IPOhome has every IPO and happened to conviently forget to list EFUT. Funny thing is, IPOSX's price has gone up handsomely after EFUT. Looks like someone loaded up and forgot to tell everyone else. I wonder why....
posted by Nick M. @ 6:40 PM
2 Comments:
Where did you find this info?
I didn't find it anywhere, Alice.
I just noticed how their IPOSX mutual fund has been performing quite well in the last few days. Their mutual fund did not even perform as well when all the other IPOs came out. They knew about EFUT and how it is low float and they probably have loaded up. Why didn't they announce it before it IPO'd? Because they didn't want everyone bidding it up like crazy. Oh well, now just about everyone knows about EFUT. I just think that it isn't right to not list every IPO. Of course, this is my opinion and pure speculation on the matter. It just seems funny how despite the drop in every other IPO (APKT, EXLS,SAI, etc), their fund has been climbing. I suspect their stake in EFUT and with its 30%+ moves has helped them out quite nicely.
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