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RVB's Market Musings

What began here as an avenue to interact and learn has far exceeded those goals.

If you are a prospective employer, please consider this site a place where you can see my passion for investing...

Tuesday, August 01, 2006

IPO's: Another inefficient market

This post isn't new news, but a reminder that small caps tend to be less efficient because there is not much coverage on these stocks.

IPO's, on the other hand, tend to have coverage relative to their hype. Google had a bunch of analysts immediately. So did Chipotle. But the difference is that there is no easily viewable track record - and that leads to potential gains because market expectations are scattered.

If you have an edge with an IPO, you can score big gains!


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