Wednesday 5 April 2017

SkinBioTherapeutics in the bag

I was poised on the buy button at 1 second past 8 this morning in my quest for SBTX:SkinBioTherapeutics shares.

First press of the button and no quote available. Second quote also not available.

Third press of the button 15p - bugger - oh well, that was the maximum I was prepared to spend so I pressed buy.

Message came back - sale could not be processed - bugger!!

Hit the re-quote button again

Offer came back at 13.9p - yippee!!

Hit the buy button and this time it went through.

Initial feeling of relief and satisfaction.

Soon followed feelings of worry - the IPO price was 9p. Have I paid chronically over the odds?

Massive 30% spread so the holding was losing £300 immediately.

It seems to have settled down now, with a bid price of 13.5p meaning my loss is only £48, and offer price of 14.5p.

All I can do is watch now and see how it ends the day...

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