Mkt seem to be slowly getting onto holiday mood with only week away from Christmas. The trend seem to focus on the IPOs with LOLC General Insurance IPO opening today and several past IPOs in Capital Alianz and Kapruka and Hsenid due to debu within the next two weeks prior to year end
It seem quite queer to note that the CSE and SEC seem to have missed a loophole in the IPO market where “preferential allotment at the discretion of the board ” is the new game being justified by some new IPOs that seem to have given preference to it’s employees and possibly friends who will help out at the time the share debus in the market . The seasoned investors like Warren never tweets on how good or bad his investments . So it’s about time to unfollow this heard mentality and move to fundamentals away from too deep speculation.
