Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (44327)	12/10/2000 2:54:34 PM
From: t2	Respond to of 77400

bambs, My strategy in this market is to load up on call options on the QQQs and load up on shares of the high fliers like PMCS, JNRP, JDSU etc. Not worth buying calls on the high fliers. I think they will continue making some gains. All 3 have already made some big moves since I got back into them but I am not content on taking profits. I see the election resolution to be a certainty this week..USSC will end it, IMHO. For that reason, I believe the market will rally a bit ahead of the decison and afterwards. My feeling is that the big rally will be very short term as people get the sense that things are better and start pumping money (call it dumb money if you wish). The move will based upon the fear of missing the rally after such a bad market. My interest more in the explosiveness of any rally not the sustainability...although the easing cycle by the FED is likely to be played by investors. I plan to play it aggressively short term and just get to a more balanced approach beyond December. Call options are good if one believes the move in the short term will be explosive (as I do)...and can handle the risk. If I see a selloff ahead of the USSC decision, I plan to add December calls to my basket of longer term ones. I have read Cramer who has been right lately that Janus has a lot cash in their funds for redemptions if necessary. He believes they will be buying. I also think the same as long as money market funds also start getting liquidated and transfered into equity funds.

To: bambs who wrote (44327)	12/10/2000 3:03:24 PM
From: t2	Read Replies (1) \| Respond to of 77400

Slow December IPO Market Reflects Woes This slow IPO market could also help give the markets a bounce. Combine that with cash in money market funds, we may have a solid support for a big move in the near term. Liquidity may be the word this month. biz.yahoo.com -------------------------------------------------------------------------------- Click Here! Related Quotes IPOSX JHF MET SP 23.35 36 9/16 36 1/2 23 5/16 +2.46 +7/8 +2 1/8 +7 5/16 delayed 20 mins - disclaimer Sunday December 10, 2:43 pm Eastern Time Slow December IPO Market Reflects Woes By Jed Seltzer and Jonathan Landreth NEW YORK (Reuters) - Negative market factors spoiled the performances of new public listings in 2000, and December's IPOs enter a market as risky as ever, analysts said this week. ``This has been the year of reality hitting everyone in the back of the head,'' said David Menlow, president of IPOfinancial.com. ``There were a lot of people buying on a dream and they ended up getting a nightmare.'' He said the slowing of the IPO market to a trickle of deals has reflected the recent downturn in the financial markets. The massive sell-off in technology has hurt the slew of Internet-related IPOs that priced earlier this year. The Nasdaq composite index (.IXIC) closed at 2917.43 on Friday, well off the 52-week of 5132.52. The Dow Jones Industrial Average (.DJI) closed at 10712.91, below a year-high of 11750.28. Richard Peterson, a market strategist for Thomson Financial Securities Data, said new listings from December 1999 have not fared well, and predicted that this month's IPOs might suffer similar fates. In December 1999, 42 companies went public, posting an average first-day gain of 122 percent, but showed an average boost of only 2.6 percent after six months, according to Peterson. Since then, the stocks have plummeted. The stocks of the 42 companies are now trading at an average of 45 percent below their offering price. ``It has been a pretty awful year for IPOs,'' Peterson said. ''There will be a lot of coal in investors' stockings.'' He said new offerings in 2000 currently below their initial price outnumber those that have gained by about two to one. ELECTION AND ENERGY Analysts said uncertainty surrounding the U.S. presidential election and high energy prices compound the risk of pricing IPOs this December. Randall Roth, a research analyst at Renaissance Capital's publicly traded IPO Plus Aftermarket Fund (Nasdaq:IPOSX - news), said Friday's Florida Supreme Court decision mandating manual recounts adds more uncertainty to an already wobbly market. The winner of Florida's decisive presidential electoral votes remains tied up in court challenges. The U.S. Supreme Court, which ordered a halt to the ballot recount in Florida on Saturday, will hear arguments on Monday from lawyers for Vice President Al Gore and Texas Gov. George W. Bush. ``I think a wait-and-see approach has been taken,'' Roth said. James Franklin, president of San Diego-based consultancy goipo.com, believes that a Bush administration would be better for the IPO market. ``There will be no upward revival of the IPO market as long as you have energy prices soaring,'' said Franklin, who is also the chief executive officer of start-up security software company Inasoft. ``Until we have an administration that will agree to do more oil exploration, the IPO market will be in the grips of the energy market,'' Franklin said. ``Short of a loosening of interest rates at the federal level, which would be a temporary fix, people will stay away from IPOs as energy is the most inflationary thing to an economy,'' Franklin said. He believes that regulators will have to allow more people to trade on the Internet, a move that has the potential to boost the IPO market. ``The Internet is the greatest freedom we have and with the 4.2 million Internet investors soon to jump to 10 million, it will offset the downward spiral in the IPO market,'' Franklin said. HEALTH CARE MAY LEAD COMEBACK Other analysts looked to industry, finance and health care to revive the IPO market after this year's dot coms fizzle. ``There will be an eye toward more old economy companies,'' said Thomson Financial's Peterson. He cited this year's offerings of John Hancock Financial Services Inc. (NYSE:JHF - news) and MetLife Inc. (NYSE:MET - news) as evidence that financial services companies could be more promising. The stock of John Hancock is up 109 percent since its pricing, while MetLife has climbed 141 percent. IPOfinancial.com's Menlow cited biotechnology companies as leading a potential IPO comeback. Shares of lab testing company Specialty Laboratories Inc. (NYSE:SP - news) surged $7-5/16, or 45.7 percent, in the company's debut on the New York Stock Exchange on Friday. Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: John Hancock Financial Services Inc (NYSE:JHF - news)