Yesterday, Yandex NV (YNDX) another big Internet IPO hit the Street. The inevitable hype surrounded it, with underwriters coining it the “Google of Russia”. While not as hot initially as the LinkedIn Corp. (LNKD) IPO, YNDX got some steam later in the day with moves through key intraday levels. For us, we go to our tool chest and use the art of trading the first day of an IPO. We went over the…
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