This an update of this post below: IPOs on buys.
As outline in that post, all three of these recent stock IPOs were crossing the highs of their first day of trading (the “IPO Day”).
Once in the trade, stops, at the individual trader’s discretion, can be on a close below the IPO-Day high (which is what I would use), or if one has the patience and risk tolerance as far down as the low of that day.
The numbers in the white flags on the charts below are the gains per $10K invested in each stock. The numbers, at 10K, also correspond to the percentage gains (for instance GOSS is on today’s close up 12%).