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Pastimes : coug's news and views -- Ignore unavailable to you. Want to Upgrade?

To: MC who wrote (302)	11/18/2005 7:41:31 PM
From: coug	Respond to of 3961

Welcome MC, I don't know but "market" type stocks are hot..That said, I wouldn't buy it here though.. :) c

To: MC who wrote (302)	11/18/2005 8:41:52 PM
From: manalagi	Respond to of 3961

ICE seems to be holding at the $34 range. Where does it go from here? The only comparison is BOT which was recently IPO'ed and now is trading about double its IPO price (BOT closed at $ 112 versus IPO price of $ 54 on Oct 18, 05). I was hoping this is the case but even on its second day of trading, ICE did not pop up like IRBT which I day traded the second day of issuance (bought 33.75, sold 34.78). The problem with ICE which deals in energy exchange based in London is that it is dependent on oil prices, which right now is under pressure. On the other hand selected European oil stocks appreciates today due to Morgan Stanley's recommending them based on increased refining margins: marketwatch.com{1CBC23DC-2591-40DE-AAB4-BF54486E48C9}&siteid=myyahoo&dist=myyahoo I do not think ICE is for long term nor day trade. Too dicey due to no history. The only ones benefiting from ICE are the original selling shareholders. I am still keeping my ICE due to flipping restrictions on IPO's (no flipping within 30 days). But if ICE keeps going south, the heck with that rule. There are many other stocks that give better potential such as GE for L/T. Hope this helps.