I do it all the time Madoff esp when I'm bored, it's all a matter of timing the initial IPO and split.
You seem to forget a corp with 100M shares ready to IPO is going to split. Keeping that from happening while in the process of the IPO is all about timing.
There is GOING to be a demand at the first of the game month for share on an initial IPO. That demand is going to drive the share price 10-15 bucks per share higher. Only difference is you'll be holding 2-3 times the number of shares you purchased.
You could right at that point sell every share you have and make money.
Actually when you get use to it .. it's not gambling at all. The only "gamble" is whether real life is going to pull you away causing a loss of
fake money.
Perfect Example, I have a lot more winners in my portfolio than losers.