Howdy Techriders, is anyone else watching for that TheStreet.com IPO (ticker TSCM) to start trading today? I am, and depending on how it moves I might get some. With trading new IPO's, my experience is it's best to wait a bit to make the buy because The Open is a madhouse...a market order at the open might be more $ ps than it will later in the day and a price order most likely will miss being filled until maybe it's on the downtick. (I only trade with Market Orders, for that moment, checking price with broker first, BTW. If I want it, I want it, and been watching it so I hope I know which way it's going. With a Price Order sometimes you take the chance of it getting out of whack of what you want doing immediate trades IMHO. In other circumstances of course, Market Orders the Only Way To Go).
Anyway, With MINE, for instance, I bought that the second day, then sold it, bought it back, then did it again riding that WS rollercoaster awhile back, moves gave me a nice profit and 2/3 the amount of freeriding shares I started off with. Often I do that to grow my free shares; buy more than I do want, then trim 'em down for the free shares when profit-time comes and then take that capital and Move On to the next target. Because many Holders of the orig. issue must wait 30 days before Ka-Blasting It, Ka-Blast It They Do and gotta watch out for that...but that first month can be nice if the issue itself is good. While I personally don't care for the slick-Willie-style slant of TheStreet's columns; with their DOT Index, MM Co., subscription research and other properties, looks like there's some present value and future growth in there. I read recently the two directors are in a feud, but if they split the Co. because of it that may mean an early spinoff of one of their properties which wouldn't be bad either IMHO. I just now checked and TSCM is still not on the freerealtime screen....can't say for sure if I'll go for it and will let you know...but anyway it's an interesting one to watch and could be a 3 Day Wonder Of An Internet Bellewether and News Item, in any case.
909s 2 My Pals,
Joan |
