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OklaBoston (60.95)

February 2009




February 11, 2009 – Comments (0)

Some people, especially stockbrokers, might call me crazy, but there are few ideas I have more confidence in than the idea that the majority of IPOs, even the all-too-rare good ones,will be availale at BELOW their IPO prices at some point less than a year a year after their debuts as public companies. Therefore, rather than try to get in on the IPO mania, I would recommend shorting the newly public stock until at least the time it issues it's first quarterly report. That is, admittedly, a risky strategy, but the payoff will probably make the risk worthwhile. One could, alternatively, put the newly public company on a watchlist rather than shorting it. That may turn out to be the best approach to the outfit that went public yesterday, Mead Johnson Nutrition Co., ticker symbol MJN. We shall see.  [more]



Market bottoming out?

February 09, 2009 – Comments (0)

There is some, admittedly weak, evidence that this bear market might be bottoming out. the 30 week (not day, WEEK) CCI for the NASDAQ Composite Index is now -47.85, which is hardly a bullish number, but is less bearish than the S&P 500's number of -58.57. That, in turn, is less bearish than the Dow Jones Industrials -68.57. Which indicates that small-cap stocks are momentarily outperforming mid-caps, and even more thorouhly outperforming the huge caps in the Dow Jones. When small-caps outperform the rest of the market that's (theoretically, anyway) a good sign.   [more]

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