‘I feel like a sucker’: I bought stock for $18 after an IPO. The underwriter’s brokerage house had a $30 price target. It fell below $1. How could they get it so wrong?

By cineramaMarch 17, 2023Metaverse

‘I thought it was a good idea to purchase the stock at $18 as I thought it would go to $30.’ Dear Quentin, I purchased a stock when it […]

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‘I feel like a sucker’: I bought stock for $18 after an IPO. The underwriter’s brokerage house had a $30 price target. It fell below $1. How could they get it so wrong?

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