Buying IPOs with a recent GLB: $SAFE $YETI $TWLO

GMI5/6
GMI-24/8
T210851%

I like to buy recent  IPOs (within last 4-5 years) that form a multi-month top and then break through on above average volume to an all-time high. In my jargon, they have had a GLB (green line break-out). I like getting into a newly public stock because it has a lot of room to gain as traders see the new highs and jump on board. By the way, I never hold a GLB that closes back below its green line, but I often will repurchase it if it closes back above its green line. In a future post I will tell you how I use TC2000 to find these gems. Below are a few examples of IPOs that have had a successful GLB.

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.