Jul. 29 at 9:21 AM
I think the small IPOs with losses in the few next weeks after their listing follow one pattern: They start with a drop below the IPO price, usually be the first or the second day.
Check
$MJID $LAWR $KMRK $MGRT etc.
When a fresh IPO holds the initial price for a couple of weeks, most likely is to react and climb higher, later. An example to watch before doing that is BMHL.
As for the IPOs that dropped, they are not useless, some have a turning point and make a decent react (difficult to catch it though) like
$EMPG and some others after dropping become fundamentally undervalued, like HXHX, WYHG etc.
