Roblox, We Missed It

So that's two major missed opportunities. Somehow, I heard buzz about Roblox yesterday, but too late. I even thought I'd have to keep my eye out for news of the debut, but never thought the article headline that had reminded me might be exactly that news. Such is life, so goes the game.

*sigh*

Tesla began the day up nearly 30 points, which is a good thing for our projections, but unfortunate since we're outside looking in. Now, we're hoping that number will reel in closer to the day's open, we can buy back in, and then steer for the green for the rest of next week, thankyouverymuch.

Roblox, meanwhile, is a video game that lets kids build, play and even earn real money from other players in the game. The pattern I have observed with 'successful' IPOs is that the price spikes on day one, meaning that you want to have limit orders set up for less than that pinnacle before the NYSE finishes its review of the filing.

This is an opportunity for a near-instantaneous profit of 20% or more, if you choose the right price. If you do manage to take advantage of this spike, sell. The pattern, as I understand, frequently leads next to a slump in the price from it's first peak.

In this case, the stock first traded publicly (that is, the first people who had those limit orders who then turned around and resold, not the sales from original private owners picking up the limit orders) for $60.50. The price cruised up as high as $77 before closing the day back near $70. Today it is up a couple more dollars $71.15 as of this moment, so I am going to set a buy-in target of $55. If we can get in, honestly, for anything under $60, we expect this stock ultimately to get huge.

So, watchlist item, kids!