WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Susie924 who wrote (9590)	3/8/2001 7:13:56 AM
From: ChrisJP	of 11130

Hi Susie, LoudCloud will be an interesting test of the current IPO market. My understanding is that they are buring through a lot of money, so my guess is that it won't do much today. But we'll just have to see. With IPOs the big thing to watch out for is the lockup expiration, which is usually 6 months after IPO. That's when the insiders get to sell. Look at OTWO to see what I mean. JAKK -- I feel honored to own a stock with growing earnings, with a PE of 7, that beat its lowered earnings estimates, and still traded down ! lol. It was almost like someone was trying to force JAKK to close below its 50 dMA, which is interpreted by many as a sell signal. Ummmm .... sell a growing stock with a PE of 7 ? quote.yahoo.com Hard for me to think with the forecast they gave that it'll stay below its 50 dMA for long. But that's just an opinion. Regards, Chris

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