Some upcoming IPOs I like, FWTW...
Wit may or may not be involved in all of 'em, but they're definitely involved in some:
WITC Call me nuts, but I like the heck out of this one and hope I get it. First, I think there's a chance that they'll keep this one fairly close to the original offering price, making for a reasonably low risk. Second, I think most of the negative hype here is based on personal emotion because of Wit's shortcomings. I understand the shortcomings, and don't like them either. But trading and investment decisions are not to be made on emotional factors, plain and simple. I made that mistake several weeks back with EGRP. OptionInvestor had EGRP as a "Play of the Day." They listed all the reasons why they thought the stock was about to launch into orbit. Being an E*Trade customer myself and having STRONG feelings about the worth of the company, I chuckled and said to myself, "There's no way I'm gonna bet a nickel on them." The recommended play was a Call option that was currently trading at $4.31. I passed, despite the fact that I could've bought 3 contracts (representing 100 shares each) at a total cost of around $1300. Ten days later, That $1300 investment would've sold for about $15,000 when EGRP punched through 140. OI had made a compelling and logical case for the rise of the stock, citing all the technical reasons behind their opinion, but I ignored all of it based solely on my personal feelings about the company. That doesn't mean that every company I have personal complaints with is gonna skyrocket, but it most certainly did teach me to look at things from an intellectual and not an emotional standpoint.
Most of the investment world does not have a personal relationship with Wit Capital. This means that they will, as we should, base their opinions of WITC on other factors. I believe that they will see an online broker that has recently garnered lots of public attention, that carved out a new niche with its IPO offerings, that is strongly tied to GS, that can be had for a fraction of what its already-trading brethren are going for. I think all these factors will meld into a first-day close at $35-40.
STAD Fairly hefty revenues already established, not nearly as deep in the red as most internet IPOs are. Been around since '94, but now has the perception of a new niche. Sure, search engines and portals may already offer free access to a lot of what they have. Then again, there are tons of free bulletin boards on the net where stocks can be discussed, yet barring the ones who were grandfathered in free of charge, here we are as paid subscribers to SI. Why? Because we're willing to pay for direct access to the information that we want, as opposed to wading through the tons of irrelevant crap in search of it elsewhere. I'm gonna do some more DD on this one, but I really like what I see thus far.
INIT Don't know when it's finally gonna price, but I hope my first-2-minute IOI at E*Trade is good enough.
E-LOAN Can't remember the symbol. Favorable (+2) rating by Quote.com. Good sexy internet name. Managed by GS. Great potential as the net becomes more and more accepted by the masses for higher ticket financial use. |
