$QIYUNSHAN FOOD(02797.HK) plunged -30%. It was pumped to double its price in the first two days of listing, and now it's urgently dumping back; $RECONOVA(07656.HK) rebounded +15% instead, with funds flowing back in after breaking the issue price. Both are newly listed Hong Kong stocks that just went public in July, one is deflating while the other is recovering. For applying for an IPO on such stocks, should you run on the first day or hold on to bet on volatility? I lean towards taking profits — for newly listed stocks without cornerstone investor support, the direction of volatility depends purely on sentiment, and the risk of holding is much greater than it appears.
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