SpyderCall :
I should say that the majority of companies share prices perform poorly shortly after IPO. Even if they have a great day or first week after IPO, they will usually sell off and make new lows. There are much fewer IPOs that rip the first day or week on the market and then continue to rip without making new lows below IPO price eventually. But if Vinfast is truly a good company, then eventually it will start to climb. But that could take years. Just look at PLTR from its IPO up until now. It barely started its bull market cycle towards the end of last year, I think. Before that, it seemed like a terrible stock to invest in.
Chow Yun-fat : Been to Hanoi recently. They actually have working vehicles on road not muln empty talk
SpyderCall : it is looking like that in the charts. Even if it is a great company, the stock price can still fall.
SpyderCall : I should say that the majority of companies share prices perform poorly shortly after IPO. Even if they have a great day or first week after IPO, they will usually sell off and make new lows. There are much fewer IPOs that rip the first day or week on the market and then continue to rip without making new lows below IPO price eventually.
But if Vinfast is truly a good company, then eventually it will start to climb. But that could take years. Just look at PLTR from its IPO up until now. It barely started its bull market cycle towards the end of last year, I think. Before that, it seemed like a terrible stock to invest in.