I was wondering if anyone had any thoughts on my latest investing technique.
I have been investing in IPO's and have been profiting from them. Initially i invested in companies from tips, ie copperco, however i recently invested in the Redstone IPO, purchased at 25 cents, sold at 80, then in Ironbark, purchased at 20cent, sold at 40.
Therefore i have thought that investing in IPO's is a good way to make quick profits. I was wondering if anyone had any opinions on this. Maybe i have just been lucky lately??
I tried in the UKL IPO however was not issued shares and was thinking of the Mantra IPO.