I may take a pass on this one. Kind of against my game rule. I feel it is overprice and never a profit record.

Just like if there were any seed capital venturist..to me a no no since IPO is their exit plan.

But if you're risk taker, a quickie on the first day may does it.

Anyhow the chairman is the former UMNO treasurer. May be goreng or may be dumped.

my 2 sen.

I guess we're all season IPO players. Able to smell stinky offerings. Wonder whether this counter is going north or south on the opening day.

My take is as good as yours.

Expected!.

Pity succesfull IPO subscribers. Lost all the hard earned money.

Sharemarket life ain't a fairy tale....

Crucial to ensure you decision is based on informed judgement.

Btw.. this XOX reminds me of Connectcounty Bhd. South bound also on listing day. Lesson learnt from it. Despite Chairman was political VIP person. Kantoi also.

You write as if you're an OP. Full of tersirat thingy.

Lauya company.

It is really bucking the index trend....

RM 19.5 mill wasted.

lucky didn't go limit down. oops still have another minute.

My experience thus far indicate that there are two categories of IPO;

one: The kind of robin hood type. may not necessary overprice but upon listing price was jacked up like no tomorrow...and gradually offloaded over time. Here the IPO who are real flippers can make his/her money. Eg: Mexter (but query by BMSB/SC spoil everything though i managed to flip out RM3k from it), I.Jacobs etc.

two: Those of parasite type. The kind that only take and don't give back. Eg: XOX, Connectcounty, OSKVI

Personally i believe that the investor must know their stuff well before joining the band wagon.

As the saying goes again & again CAVEAT EMPTOR.

Lesson learnt.

As i always believe that living a life is about sharing, feel free to run through the enclosed link although i believe most of us would be too familiar with what being said:

http://fkheng.xanga.com/381932892/an-old-a...crooks-operate/

nasT