
Total AssetsImpressive! The results of IPO subscriptions on Longbridge since last year:
Won 4 lots, almost all of them were junk or unwanted ones that I got:
Yingtong, which has already been suspended; Taide Pharmaceutical, which is in a bottomless pit; Haowei, which has fallen nearly half; and Sany Heavy Industry, which is basically useless;
If I hadn't chosen the right time to exit, the loss wouldn't have been 0.05%, but 50%;
Probably because I didn't use margin financing, I never got a good allotment; a waste of time, energy, and money;
So I've withdrawn all the funds these days, going somewhere else with better opportunities for IPO subscriptions. On Longbridge, I reckon without margin financing, don't even think about getting a profitable allotment.
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