I’ve mentioned several times before how I love to buy recent IPOs as they make new all-time highs after building a base. Kirk has two posts today containing some strong young stocks. I suggest you put them on your watch list.
The volume on about half of those stocks is too low for me, but some of you (you know who you are) may like those thin puppies.
And speaking of recent IPOs, GOOG is getting real interesting. It dipped under $100 today and the first part of its lock-up expires tomorrow. Bombs away? From Briefing.com:
11:38 GOOG Notable Mention: Google’s first lock-up expiration tomorrow (101.09 -1.28)
AmTech notes that the first of GOOG’s five lock-up expirations occurs tomorrow. Roughly 5MM out of 271MM total restricted out of 290MM total fully diluted will become eligible for public sale. The firm has reviewed the lock-up schedule and analyzed the trading patterns around the 2003 IPO class lock-ups. Shares of companies approaching lock-up dates tend to experience selling pressure. As such, the firm believes the stock could see similar selling pressure going into major lock-up release dates, particularly this November and February. Firm reits Hold and $110 price target.
I would like to get info on the remaining lock-up dates. I will start with the SEC. If you can provide any info I would appreciate.
Thanks