Kimly is the hottest IPO now with 8.3 times oversubscribed from the public. The stock's placement was 0.25 and it's opening is 0.55 which is 30 cents up from the placement. It gap up like everybody who managed to get the placement, they made $ instantly. Well, while Kimly is in the F&B sector, look at other F&B sector like Jumbo where it's also in the Top Volume with price trying to run higher. Today looks like many stocks in play. Watch it closely. For Kimly, I expect it to suffer somemore selling first before move up a little and then down a little again. Those who got at placement are locking in profits now!
Ronald K - Market Psychologist - A Stock Market Opportunist