IPO Frenzy - JD.com

$JD - I was allocated some IPO shares. I'm going to hold on to JD.com for a while and see how it goes. I think this one has some potential.  

Potentially. 

#171: $FB - Facebook Friday as Market Sells Off

The Eleven Year High

Yes, the Nasdaq is at an 11-year high . What about the other indexes?


The Dow is 4-yr highs. The SP500 is at 6-month highs.

It's an interesting spread. The Nasdaq fell so far (and so fast) from its 2000 highs. The flight from risk, high-tech, and bubble stocks decimated the volatile index. Now we are seeing folks favoring high-tech stocks. Are people getting more comfortable with risk?

I received an email last night from a former coworker. We worked together in the late 1990's at a high-tech firm. At the time, conversations were about the kind of stocks we were in. Everything was tech! Everything was IPOs, and even some penny stocks. Everything was working and the profits were rolling in. We even talked at the time that there was no way it could last, but one never knows how long the trend will last. (Except for the Black Box, of course).

In the email, my friend said "It feels a lot like 1999."

The fish are biting. Folks are buying risk. The social networking stocks seem to be the B2B and internet stocks of 1999-2000.

We do know how this ends. We just don't know when it ends. Hopefully, those of us who have been through this before won't be afraid to take profits - even if that means we don't get out at the top tick.

posted from Bloggeroid

...And the Market Went Up Anyway

One story says that stocks rose because of good manufacturing data. Another story says oil prices sank because of mixed US demand for crude.

Hmm... If US demand for oil is dropping, that's a sign of the economy slowing down. We use less oil and gasoline when we're hunkerin' down. On the other hand, if manufacturers are makin' stuff, it's because they're seeing increased demand.

Anyway. Maybe people just felt like buying stocks today. When the trend gets going, it's a bit contagious. Good news is bought. Bad news is bought. The mid-day declines are bought. The morning dips are bought.

And social network IPOs will really be bought.

Facebook, or $FB as we'll all be calling it soon, will IPO in the near future. Get your limit order in now. GTC! There are a lot of fishermen (and fisherwomen) on the pier throwing their lines out trying to catch a ride on this IPO. I might even join them. It's too tempting not to, right?

posted from Bloggeroid

Would Jim Rogers Buy Facebook? No!

Would Jim Rogers buy Facebook IPO? No! I can't blame him. The fish are biting, though. The Nasdaq is near 11 year highs as I type. Even today's early morning swoon is met with buyers by the end of the day. Today was similar to Friday, in that any weakness is bought up. That's pretty bullish. Yet, we are extended and at those highs I mentioned early.

Could the Facebook IPO be the end of the rally?

Hmm...

posted from Bloggeroid

#86: Dunkin' Donuts IPO, Clearwire, Gasoline Demand Falling, Digital Media Subscripitions