Hello,
Sorry for the long sparse blogging of late.
What happened to good old Tesla? After a massive jump on its IPO, the stock has failed to do anything. And today, it fell 17%. Why? We learned in class of lock-up's and how they can be included in the terms of the IPO. Tesla's lock-up expired today. If anyone had realized this (besides institutional money managers), they could have profited big time today. This lock-up expiration, allows for an additional 60 - 70 million shares to be released into the market (for you economists out there ... supply up, price down). (Here) is an article from Marketwatch.
AIG led financials higher today after they announced new credit lines to help pay off U.S. Taxpayers. More than 30 banks will help provide the credit for AIG and the lines will be administered by JP Morgan Chase. It seems as though the global insurance giant is taking steps towards freedom, and profitability. The Boomberg article is (here).
Gary Kaminsky of CNBC's Strategy Session gave his input today in forecasts for the upcoming decade. His predictions include: outperformance of growth strocks, 6-7% equity returns annually, and no bursting of the bond bubble. CNBC article is (here).
Enjoy
Hope all of your Holiday's were as nice as mine.
Kevin
Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts
Monday, December 27, 2010
Wednesday, November 3, 2010
Stories of the Day 11/3/2010
Here's a quick look at a few developments from the day.
Republicans take the house of representatives, win a significant portion of governor's races, and come outrageously close to winning the senate as well. This marks major change in Washington and it will be interesting to see what happens over the next two years. Unfortunately for former Bonaventure graduate Carl Paladino, he did not win the governor's race in New York State. Check the link for complete election results.
The formerly debunked General Motors has announced its "new" IPO. The shares are expected to price between $26 and $29, and begin trading on November 18th. The company will announce quarter results on November 10th. It will certainly be a busy couple of weeks for GM.
The Federal Reserve announced today more details for QE2 (Quantitative Easing Round 2). The Fed plans to buy $75 Billion of treasuries per month, totaling $600 Billion. They also left benchmark interest rates at the 0% to 0.25% range.
Kevin and Shane
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