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Commodities IPO: Should you buy this rare-metal IPO?

Posted March 27, 2008

Baltimore — (TFN): This upcoming commodities IPO takes hoarding to a professional level. This company’s business plan consists of buying up indium and sitting on it, waiting for the metal to go up in price. Is chasing the IPO a good idea?

Shell games like this have become increasingly popular as panicked investors are fleeing real estate and stock markets toward the presumed safety of gold, oil and metals. The more pile in, the higher prices go. And the higher prices go, the more pile in.

Should you buy into this IPO in the aftermarket?

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