Round numbers

JD, a recent chinese web IPO went public in the thick of the May pessimism.  I tweeted what I liked about about it on stockwits

$JD plenty to like about it: ipo priced in a negative sentiment environment, notable catalysts coming, a competitor trading well ($vips)
— Aaron Jackson (@a_jackson) May. 27 at 09:25 PM

Now this thing is trading off round numbers.  Institutions with big gains from the IPO appear to be letting go of some of their shares at 23, 27,28.  While they sell, the market is quickly gobbling up those shares and this keeps ripping higher.

Now i'm long and biased, and this isn't a pitch to go out and buy it, but this is a nice hint when watching future IPO's you're interested in.

Trade 'em well