iRobot IRBT not doing so hot

Discussion in 'Money & Investing' started by Mirage, Nov 24, 2005.

  1. Mirage

    Mirage Administrator Staff Member V.I.P.

    It looks like the iRobot IPO had a little too much hype behind it. It opened at $26.29 per share on November 9th, and it's not at $29.74. This is after jumping to $37.33 though.

    I didn't get in on this one, but if I had, I probably wouldn't have gotten out in time. Even so, everyone who got in on opening day still made money, and they are still ahead.

    Anyway, the symbol is [SYMBOL]IRBT[/SYMBOL]. I'll be keeping it on my watch list for a while at least. It has a lot of potential I think. It just needs to recover some lost ground and get the interest of the people who got out.

  2. MenInTights

    MenInTights not a plastic bag

    I think most people associate the company with the vacuum cleaner and they just don't believe that the vacuum cleaner actually works. It doesn't look big enough or seem like there is any way it could hold enough power to actually suction a floor.
  3. Mirage

    Mirage Administrator Staff Member V.I.P.

    You are right. It doesn't seem as high tech as it really is.

    Apparently that vacuum is really good though from the reviews I've read online. I'd want the floor cleaner version though. It does it all.

    Anyway, it's down again today to $28.67.

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