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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Blue Voodoo who wrote (16203)9/21/1999 3:37:00 PM
From: Kimberly Lee  Read Replies (4) of 108040
 
We made lot's of profit yesterday and this morning, but the rest of the day is time for preserving profit and taking some time off to contemplate the next move.

I am exiting most IPO related position today. With 26 IPOs coming in the next 3 days, the supply will way outpace the demands. I am still bullish on the hot IPOs I mentioned earlier this week, but a few of the rest will very likely be broken during the debut.

On a day like this, locking in profit and preserving capital must be the priority, especially after we have had a huge run in the last few trading sessions. there is no need to swim against the tides
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