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Strategies & Market Trends : IPO and Other Stock Plays

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From: yossarian67	5/11/2005 10:01:19 AM
	of 13331

gfig btw is still at roughly 14-15 X's '06 earnings....also their credit derivatives biz took off like a rocket when GM's bonds starting sinking mid feb or so---and credit derivative volume has been thru the roof in the past week with the ford/gm junk status and the hedge fund unwinding/rumors of blow-ups---all this stuff is good news for gfig, they make $$$ on the specialized derivative volume not taking the other side of trades. gfig going to have a blow out 2nd quarter...it may in fact be their best of the year, something to remember as expectations may get out of hand if they book the kind of 2nd Q I think they will....having said that, should it move into 30's I'll take the trade. think in this market you almost have to. what I said initially about gfig: 'facilitator of a booming sector'....only thing I've seen in a similar spot with similar expertise past few years has been fmd.

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