u-blox: sold remaining shares today

I sold the remaining shares of u-blox (SWX:UBXN) today at CHF 49.20

Sold u-blox

My limit sell order for u-blox (UBXN) at CHF 66.00 gets executed shortly after the open, with a gain of 10% in three days.

UBXN: first trading day

That was an interesting first trading day after the IPO for u-blox (UBXN). The stock opened at CHF 60.00, the price fell during the morning to a low of CHF 57.80, then rallied in the afternoon with low volume, and closed at CHF 61.00. During the last quarter-hour it traded slightly below the threndline on the 5-minute chart, but at a minuscule volume.

Bought UBXN

I got only 4% of the subscribed quantity of u-blox (UBXN) allocated, at CHF 51.00.

Before the open today I ordered some more at market and they got bought at CHF 60.00. Later, the price dropped, with a low of CHF 58.10 so far.

I now place a limit sell order at CHF 66.00 valid until 31 October, only for the quantity I bought at market today, not the small quantity I got allocated on subscription.

Subscribed u-blox

A little bird told me about the IPO of u-blox and I subscribe some shares.

"October 16, 2007 -- u-blox Holding AG publishes today the details of its planned initial public offering (IPO) on the SWX Swiss Exchange. The price range for the registered shares being offered will be between CHF 42 and CHF 54 per share. Bookbuilding will start today and is expected to end on October 25, 2007, 12.00 noon (CET). The first trading day on the main segment of the SWX Swiss Exchange is planned for October 26, 2007."