A123 Systems (AONE) IPO Begins Trading

It’s clear that there  is a tremendous appetite for the IPO of A123 Systems..  They initially estimated the price range around 9, then upped to 11 and it ultimately priced at 13.50.  Trading opened up just a few minutes ago at 16.74 and it’s already up another 15% from there.  I never chase IPO’s in the first few days of  trading.  I’ll have more on this in the coming days, but I always wait for the first consolidation of a couple weeks and buy the breakout from there.  That strategy won’t change with the A123 Systems IPO. 

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