Medibank Private -- Shares

[robm3]

What's the general opinion here, will they be going up or down on December 5th (when they become 'tradeable to the general public)?

[Jader1973]

Haven't they already gone down?

I'm sure I heard something on the radio about it. Apparently there wasn't the level of interest they were expecting from large organisations or something so a couple of days after the IPO they started to slide.

Is it anything other than just another private medical insurer?

[robm3]

No, they've gone up. Sold at $2 to mom and pops, now trading at 2.07.

[robm3]

Now 2.35...

Perhaps time to sell and not be too greedy?

[Google [bot]]

Or wait a few years as the excess fat of government ownership is trimmed, like I'm going to do, probably.

But then my cat has greater financial acumen than me.