The warrants are coming out, and everyone thinks that it will drop. Everyone is waiting to buy it when it drops.
The price has gone from the 1st day $6.8 to around $8.7, it seems quite expensive now. But it is the third largest company in the world within its industry, and China also will continue to support the field. It is a very good share just like 1800 that u can hold for 10 years.
The 1st day when it goes up to $7.4, everyone said that it's expensive, because many of the new shares have drop below the 招股價. People said it will drop to $6.8. But yesterday it went up to around $8.7.
Now people say that its warrants are coming and it will drop to below $8, who can for sure it will happen? And will the big crocodiles allow it to drop to $8 so everyone can buy it?
U have to ask yrself will 390 goes up to $14 within 1-2 years, if u think it will go to $14, then does it make a big difference if u buy it now at $8 or $9? Or u continue to wait until it drops to $8 but it may not happen and maybe later u will have to buy it at a higher price.
I hope my opinion will help u to form yr own decision.