So as per suggestion in this thread, I've started a topic where we can post new stocks (just listed, newly IPO'd), separate the proverbial wheat from the chaff, and have a general discussion about benefits and pitfalls of related plays.
Here's several new ticker symbols from today (well, that I found today..)
NASDAQ: ATHX AMEX: CLA OBB: IBGH, JZZI
Posted by wdcisco on :
Nice fourseven!
Where can I go to find new stocks?
This is gonna be a boomin' thread... Posted by Livinonklendathu on :
Today Ipo's ITLN and MEMS opened, neither did much of anything.
Check em on the weekend, load em in a watchlist and wait for them to go:
nice.. OESX looks like it's topping now.. ~21.5
Posted by Livinonklendathu on :
Not too bad:
LIA - nuttin GU - open 9.61, high 10.48, close 9.85 OESX - open 17.25, high 22.18, close 21.41
Posted by Livinonklendathu on :
NetSuite Again Boosts Expected IPO Price Wednesday December 19, 3:24 pm ET By Kristen A. Lee, AP Business Writer NetSuite Boosts Expected Price Range of IPO for the 2nd Time in 2 Days
NEW YORK (AP) -- NetSuite Inc. raised the expected price range of its initial public offering for the second time in two days on Wednesday, indicating that one of the last IPOs of 2007 will also be one of the hottest.
The San Mateo, Calif.-based company, which is owned by Oracle Corp. Chief Executive Larry Ellison, now expects the IPO to price between $19 and $22 per share, according to a Securities and Exchange Commission filing Wednesday,
Based on the revised price range, NetSuite would have a market capitalization of $1.13 billion to $1.31 billion.
On Tuesday, NetSuite raised the expected range to $16 and $19 per share, from the original range of $13 to $16 per share.
The offering, which totals 6.2 million common shares, is expected to price late Wednesday. NetSuite is pricing its IPO by using an auction process, in which investors bid by submitting the number of shares they would like to buy and the price they are willing to pay.
The goal of an auction is to set the IPO price closer to the shares' actual market value than the typical IPO process, which usually prices the offering at a discount -- with the hope of a pop during the first day of trading.
Analysts are divided on the implications of the latest price hike. Francis Gaskins, president of IPODesktop.com, thinks the increase reflects investor confidence that NetSuite is on a path to break even after narrowing its losses in the third quarter.
However, Scott Sweet, managing director of research firm IPO Boutique, said the price increase more likely reflects artificially high bids that are inflating the company's valuation. "People want in at any price and are now really taking a company that was in solid shape and making it a far more risky entity," he said.
Sweet said NetSuite is the immediate beneficiary of the price increase at the expense of investors.
The increased range boosts NetSuite's expected proceeds from the IPO to about $115.9 million, after fees and expenses. The estimated proceeds assume an offering price of $20.50 per share.
NetSuite plans to use the net proceeds to repay the outstanding $8 million balance on the company's secured line of credit with its controlling shareholder Tako Ventures LLC. NetSuite said it may also use some of the proceeds to make acquisitions.
Tako, which holds a 60 percent stake in the company, is controlled by Oracle's Ellison.
Ellison and his family will directly or indirectly own 66 percent of NetSuite's common stock after the IPO, although Ellison has relinquished most control over how his shares will be voted.
NetSuite sells a suite of business-management software that enables small and medium-sized businesses to manage their back-office, front-office and Web operations in a single application.
NetSuite delivers the suite to customers on a subscription basis over the Internet, which cuts down on installation and maintenance costs.
For the nine months ended Sept. 30, NetSuite narrowed its loss to $20.6 million, from $27.6 million. During the same period, NetSuite increased its sales to $76.8 million from $47 million.
Credit Suisse Securities is serving as sole book-running manager for the offering. W.R. Hambrecht is acting as co-manager. E-Trade Securities and JMP Securities are also underwriting the IPO.
The underwriters have an option to buy up to 930,000 additional shares from NetSuite and a group of selling stockholders, including Chief Executive Zachary Nelson and Chairman and Chief Technology Officer Evan M. Goldberg. Goldberg, a former Oracle employee, started the company in 1998 with Ellison's help. Nelson is also a former Oracle employee.
NetSuite plans to list its shares on the New York Stock Exchange under the symbol "N."
Posted by Livinonklendathu on :
N is open, in
Posted by Jo4321 on :
What did you get in at?
Posted by Livinonklendathu on :
26.20, out now
Posted by Jo4321 on :
I watched it for a while. Seems to be settling down now.
Posted by Livinonklendathu on :
Yea, not much day range, suprising with the small offer of shares versus the volume.
Posted by Livinonklendathu on :
back in N
Posted by fourseven on :
N hit 30 now..
Posted by Livinonklendathu on :
32, volume got alot better after 2:00, moving good
Posted by Jo4321 on :
wow!
So, I've been watching this since I've never really played an IPO. I have TDA and it doesn't show the volume on level two. Is that typical for IPO's?
It also doesn't show the high and low or last.
Jo
Posted by Jo4321 on :
Okay, weird, now it is showing volumn, etc. etc.
maybe it just couldn't keep up!
Posted by Livinonklendathu on :
Its been funky, I know some others in it that have been having chart troubles with it through different brokers. Mine on etrade has a big ole fat finger opening candle that has screwed it up most of the day. Out 32.08.
Posted by Jo4321 on :
So what typically happens with IPO's? They run up and then end of day, tank back down?
Good short right now?
Jo
Posted by Livinonklendathu on :
All depends on demand / interest. N has alot of interest ala VMW, dont think it will tank anytime soon but could be wrong. Usually no shorts available for retail for the first month or so but on some they are, have not checked on N yet.
Posted by Jo4321 on :
Ah, okay. I just checked. No short shares available.
Posted by Livinonklendathu on :
Back in N on the dip, may hold overnight at this rate
Posted by Jo4321 on :
Man, you are brave. It gave me butterflies in my stomach just watching it. (I actually had my finger on the trigger at $26.90, but I chickened out.)
What a strong close $35.09! Good for you!
Jo
Posted by Livinonklendathu on :
Still going in AH, 35.40 Posted by Jo4321 on :
$36.39!
Posted by fourseven on :
hmm.. no short shares available for a month?
that means no one can short it during that time or what?
Posted by Livinonklendathu on :
Average Joe retail usually can not get shares, but I have found on some they have been available soon after trading starts. As far as non-retail, I'm sure they are available from the get go. Recent ones that were available for me anyways soon (within days) after trading, VM, FUQI, YGE.
Posted by Jo4321 on :
You out yet, Livinonklendathu?
Looks like a great morning for N.
Jo
Posted by Livinonklendathu on :
Yep, all out for now.
Posted by Jo4321 on :
I jumped in there at $41.50 for 100 shares. Got out in like two minutes with 100 bucks.
I probably should have held on, but being in it the way it was jumping around just made me too nervous!
A little at a time....
Jo
Posted by Livinonklendathu on :
Nice job Jo, bank it Posted by wdcisco on :
Man...NICE JOB GUYS!!!!!! I need to learn to play these...!
Posted by T e x on :
nice thread, you guys...
Posted by Jo4321 on :
Liv.....ya I banked it. LOL. I was tempted to go back in but I figured I'd want to be out over the weekend.
You know, you are responsible for one of the posts on these boards that made me spray my keyboard. It was back during the Heely's IPO and you posted "THAT WAS 3 MINUTES OF SHEER TERROR!!"
I still remember that post, (although I did have to go look it up to see if you had said 5 minutes or 3 minutes!)
So is there any strategy to IPO's or do you just jump in and out and take your dramamine?
Strategy is to catch them at the open right after the initial dump, if there is one. I like the ones that have priced high in their respective range or have re-priced higher ala N. Being over-subscribed is nice as well. Demand = run up usually.
After playing them until the initial momo runs out I will see if they become good traders with volume / day range and keep them on a watchlist for trading. When they go green on decent volume, I'm usually in.
Thats about it for strategy - K.I.S.S.
Posted by Livinonklendathu on :
N may go green, in for a few
Posted by Happy Valley on :
Not trading yet but might be worth keeping an eye on...
I have to wait another day before doing anymore Roundtrips, since I let FRPT take my account way below $25,000.
Jo
Posted by Livinonklendathu on :
Nice, got .65 yesterday but missed it today. Yea FRPT been ouchtown of late. Posted by Livinonklendathu on :
back in N
Posted by Jo4321 on :
Dang, once again, sold too soon. But of course, all the stocks I held onto today dropped significantly.
Posted by Livinonklendathu on :
N, MELI, LDK, YGE lookin decent in pre
Posted by Livinonklendathu on :
PWRD started at buy by Brean Murray - 27.13, might be in play, moves decent.
Posted by Livinonklendathu on :
out PWRD 29.25 in some N 28
Posted by Slimpickens on :
In for a small amount of N at 28.00.
Posted by Livinonklendathu on :
out N 28.80, lots of resistance at 29, for now
Posted by Livinonklendathu on :
back in N on the 29 break, holding till tomorrow
Posted by Slimpickens on :
Sell order went through while I was away. Out of N at 29.25. glta
Posted by Livinonklendathu on :
Out N in pre 30.75, futures taking a hit.
Posted by Livinonklendathu on :
TITN ipo had earnings, up a bit pre 13.40, maybe a play.
Posted by Livinonklendathu on :
TITN 15.50, hitting 52's
Posted by Livinonklendathu on :
out TITN 16.06
Posted by Jo4321 on :
Love watching you guys "work". Posted by Livinonklendathu on :
Watching TITN again, got an upgrade at Baird and a target of $26. $17.50 pre
Posted by Livinonklendathu on :
Ipo's WMZ, ELXR and OGP should open this week some time.
Posted by hotstocktrader on :
quote:Originally posted by Jo4321: Went back in N for about an hour today.
In $35.20, out $36.25.
I have to wait another day before doing anymore Roundtrips, since I let FRPT take my account way below $25,000.
Jo
Hey correct me if I'm wrong, but if you have under $25,000, and you do more than 3 daytrades don't they freeze your account for 90 days (unless you deposit funds and jack it up to over $25,000?)
Posted by Jo4321 on :
Yep, but it is 3 daytrades withing a 5 day period. So the clock resets itself. You just have to pay attention to when your last daytrade was.
Jo
Posted by Livinonklendathu on :
RMG ipo open, in for a bit
Posted by Livinonklendathu on :
out RMG + 1.90
Posted by Jo4321 on :
Posted by Livinonklendathu on :
In MELI on the premarket tankola, had secondary news on Friday.
Posted by Livinonklendathu on :
Well that did not work out to well Posted by Happy Valley on :
quote:Originally posted by Happy Valley: Not trading yet but might be worth keeping an eye on...
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