sorry for the late reply, Jean. Yes, I like FNHC under 7 today and indeed picked up quite a few shares from 6 11/16 to 3/4. Took some profit at 7 3/8, 7/16 already, though, as I don't like the way things look in Nas and the broad market. It's early May, but most everything I look at today (with the exception of the few highflying bbs I was playing today - FLNK, NQCI, GLMC, SJIG, ACCR) feel awfully autumnal. Accordingly,I have also raised my cash level to 85%.
GS, FCST, MapQuest and a few others did perform alright. But these net IPOs are getting less and less return now as the market becoming saturated. FCST, for instance, closes only 5 points above the offering price on the day of debut, an event that would never have transpired a month or two ago. |
