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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: crimson who wrote (25291)11/9/1999 4:09:00 PM
From: Blue Voodoo  Read Replies (1) of 108040
 
I've picked up some FDX today, at 43 7/16, as a sympathy play with the UPS ipo. Not much downside risk. One problem is that UPS is coming out with a huge float, which will make it hard to skyrocket out of the gate (and may therefore in turn disappoint folks accustomed to outlandish ipo jumps).

However, FDX is likely to go up some in the morning in anticipation, and could really fly in the coming days if UPS does well.

Another plus: it's a story that even stupid money can understand, and therefore chase.
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