Tilly's IPO

Thank You and move on… I was allocated a few shares in the Tilly’s (Ticker: TLYS) IPO, which was priced last night at $15.50 per share. I sold the shares this morning at $18.90 for a quick 21.9% gain. It’s a teen retailer with a focus towards the skate boarding crowd. The IPO game is really a hit or miss. I was expecting the Zynga (Ticker: ZNGA) IPO to be hot, but it opened flat and subsequently fell. The most successful IPO that I’ve been involved in is VISA (Ticker: V) and I’ve been adding to it on occasional dips throughout the years. VISA is a long term growth story where as Tilly’s is a short term niche play. The next hot IPO is obviously Facebook and I’ll probably try my luck on that one, but I doubt I’ll be allocated any shares.