Can’t Get The IPO Shares You Want? Try This…
A good candidate for trade of the week has got to
be Las Vegas Sands
(
LVS |
Quote |
Chart |
News |
PowerRating). This new offering was really hyped big
time. CNBC mentioned this story incessantly a week prior to the IPO. Apparently,
1 billion people live within an hour of their Sands Macau. They do as much
business there on Friday and Saturday nights as they do at their Las Vegas
casinos on New Year’s. There’s no
question but that this one could be classified as a “Hot IPO.”  If
you were disappointed that you couldn’t get any shares on the $29 offering, no
worries–there was a great play shortly after the stock opened on the NYSE…at
$36.
I’m a big fan of first pullbacks, but this was
literally THE first pullback–ever–for this stock. Not a bad move, either.
If that wasn’t enough, the stock gave you a
second chance to get in:
What’s the moral? I suppose there are two: 1) you
don’t have to get IPO shares to make money on an IPO, and 2) hype can carry a
stock a looooong way—farther than you might imagine possible.
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Send Me Your New Year’s
Trading Resolutions
Since we’re coming up to the end of the year, I
thought it might be a good time to see what trading resolutions you might be
thinking about. It’s pretty common to make New Year’s resolutions (and promptly
break them, I know), so why not make some trading resolutions? You might be
gearing up for your best year ever–or simply trying to honor your stops.
Whatever your trading resolutions are, send them to me and I’ll post them in the
12/31commentary (anonymously, of course) so that others can benefit. Send to:
bricew@tradingmarkets.com. (And
sure, if you have some humorous ones, that’s OK too).
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Big Cap Earnings Announcements for the
Week of Dec 20th
Company |
Symbol |
Date |
| Standard Microsystems | SMSC | Monday, Dec 20 |
| Jabil Circuits | JBL | Monday, Dec 20 |
| ATI Technologies | ATYT | Tuesday, Dec 21 |
| Bear Stearns | BSC | Tuesday, Dec 21 |
| Christopher & Bank |
BKS | Tuesday, Dec 21 |
| Cognos | COGN | Tuesday, Dec 21 |
| General Mills | GIS | Tuesday, Dec 21 |
| Morgan Stanley | MWD | Tuesday, Dec 21 |
| Paychex | PAYX | Tuesday, Dec 21 |
| Research In Motion |
RIMM | Tuesday, Dec 21 |
| Solectron | SLR | Tuesday, Dec 21 |
| A.G. Edwards | AGE | Wednesday, Dec 22 |
| Conagra | CAG | Wednesday, Dec 22 |
| Palmsource | PSRC | Wednesday, Dec 22 |
| Redhat | RHAT | Wednesday, Dec 22 |
| American Greetings |
AM | Thursday, Dec 23 |
Scheduled Stock Splits for the Week of
Dec 20th
Company |
Symbol |
Ratio |
Payable |
Ex-Date |
| Autodesk | ADSK | 2-1 | Dec 20 | Dec 21 |
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Need more splits information? Click
here.
Upcoming Economic Events for the Week of
Dec 20th
| Date | ET | Release | For | Consensus | Prior |
| Dec 20 | 10:00 am |
Leading Economic Indicators | Nov | 0.2% | -0.3% |
| Dec 22 | 8:30 am | GDP (Final) | Q3 | 3.9% | 3.9% |
| Dec 22 | 8:30 am | Chain Deflator – Final | Q3 | 1.3% | 1.3% |
| Dec 23 |
8:30 am | Durable Orders | Nov | 0.5% | -1.1% |
| Dec 23 | 8:30 am | Personal Income | Nov | 0.3% | 0.6% |
| Dec 23 | 8:30 am | Personal Spending | Nov | 0.2% | 0.7% |
| Dec 23 | 8:30 am | Initial Jobless Claims | 12/18 | NA | 317K |
| Dec 23 | 9:45 am | Michigan Consumer Sentiment Index | Dec | 95.4 | 95.7 |
| Dec 123 | 10:00 am |
New Home Sales | Nov | 1200K | 1226K |
TradersWire Tour
Every Thursday at 9 AM PT (Noon ET) I give a
20-minute audio/visual presentation on how you can use
TradersWire to help your trading. Join me…Click
here.
Have a great weekend!
Brice
P.S. Stay in touch with the latest happenings at TradingMarkets.com.
Check
What’s New @ TradingMarkets on a regular basis.
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