Picks for Week 10.23.06
Hey folks,
First off, I want to recommend a few IPOs that may have strong debutes.
I like HMIN, CADX, CPRX, DEI, ITR, LMAT
Here's two that I didn't get to immediatly recommend when they IPO'ed. Check out II and EXLS.
As far as stocks other than IPO's, there are dozens of those. Check out:
GCOM, ESPD, RC, CVGR, XOMA, HTI, HINT, TSTC, CYMI, LRCX, HRT, FTGX, RDYN, BULK, TDS, IHG, AVCA, YDNT, MCU, MDV, NEOP, CHTP, GTSI, SUNH, CVNS, DECC, EQ, KHDH, ASY, ECGI, BORL
Nice Breakouts: PSO, MHP (both are in the same industry)
There are more but I have to review them again. Later.
posted by Nick M. @ 11:58 AM
2 Comments:
Have you ever bought a stock at its IPO price? Can we call the underlying company offering the stock to see if there is a way?
You mean like at the original price it is supposed to debut at (ex: APKT at 6.50-7.50)instead of the inflated price when it opens up (ex: APKT opening up at 14)? I personally have never been able to do so and that's because of the limitations of it. From what I remember reading, the only way to take advantage of an IPOs pre-opening price is if you actually work for the company and have stock in it (as a compensation), or if you are a top client for one of the lead underwriters (ex Goldman Sachs, J.P. Morgan, etc). I think those are the two only ways. I could be wrong though! I am also curious myself if there is another way to get an IPO at a bargain. When I have a chance, I'll take a look and see if there are other options.
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