Now that the market is back, I am sure our trusty investment bankers will take it upon themselves to toss a whole new slew of IPOs and secondaries onto the the (extra turrets syndrome) plates of their clients. With regard to biotech, be especially mindful that the vast majority of these companies lose tremendous amounts of money, as they are nothing more or less than funded laboratories stocked with scientists who don’t give a shit about the stock market. These nerds need to buy new Bunsen burners and flasks. They will raise capital into these ascent.
As for the IPO market, I’ve never met an investment banker who didn’t want to bring a company public. I do believe, however, the market can handle a certain amount of new issues, but hopefully not too many–else dilution will affect the market. These slugs are encouraging their brokers to flip the IPOs for quick profit, all the while they lure you, the internet sucker, into the sand trap.
Be mindful of the sand trap for it is filled with murderholes.
As for me, on this glorious day, the last day of school in NJ, I look forward to making some money. What else am I to do?
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It’s good to see that bounce in your step once again.
Moar bunsen burners!
Thinking of playing XNET today. Chinese internet has been hot. Didn’t get an allotment but not surprised as my go to broker has barely talked to me after I ripped him an asshole for my miniscule allotment of ZOES. So I’m left with the choice of range trading it today. Still squeamish from the April / May IPO bust but I think we may get a couple of weeks of decent IPO movement. This baby is way oversubscribed as well. We’ll see where it opens.
phil mickelson likes sand traps.
Lefty is king of the sand pits.
BTW VRTX up 50% on news pretty much everyone was expecting this morning. Was in an all day trial or I would have bought it yesterday. Perhaps not – money under the bridge at this point.
Good times are here again…..Grandma Yellen is proving to be more hardcore than even Benny “Blunts” Bernanke.
You have really found your footing.Great to
see.
Nice pop on your CDE (BMO upgrade, I believe).
On the wildlife front, my wife sent me a picture (I am in Ft. Lauderdale dog sitting for my son) of a mama bear and three cubs in our yard this AM – very cute as long as they stay out of the pool.
You should kill them, perhaps with a poison camouflaged as a berry.
I’m pretty sure that would be illegal especially since they recently several people in my area for feeding them non-poisonous food (http://www.clickorlando.com/news/3-charged-with-feeding-bears-lake-mary-bear-attack-surveillance-video-released/26588150).
But then again, it looks like this blog is crawling with attorneys who can defend me.
RUBI
You are probably on to something here. XNET just launched today which is merely a Chinese bit torrent client which bundles spyware. In addition to a shoddy product the equity structure is extremely unfriendly to the common shareholders as there is a ton of preferred and even redeemable common stock which is essentially debt with additional rights. These sorts of issuances smell like an end is near in the IPO market which may or may not mean anything for the /ES but certainly signals a sign of the times.
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