I personally lost a ton of money of the Kenvi Jewels ipo stock. Beware of these crooks.

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In the days of dotcom mania, investors could throw money into an IPO and be almost guaranteed killer returns. Numerous companies, including names like VA Linux and theglobe.com experienced huge first-day gains, but ended up disappointing investors in the long term. People who had the foresight to get in, and out, on some of these companies made investing look way too easy.

However, no investment is a sure thing. Soon enough, the tech bubble burst and the IPO market returned to normal. In other words, investors could no longer expect the double- and triple-digit gains they got in the early tech IPO days simply by flipping stocks.

Kenvi Jewels was a major bust.