Hot IPO, SNAP, Comes Out. Time to Buy?
“Hot” IPOs like Alibaba, Twitter and Facebook are usually very emotional, much anticipated and huge financial media events. Investors clamor for these stocks, usually throwing caution to the wind as fundamentals are trampled by greed. The media are usually camped out at the NYSE or NASDAQ with minute by minute updates as to where the stock may open. As I have discussed over and over, emotion in investing can have a very detrimental impact on your portfolio! That’s one of […]
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Date: March 2, 2017
Alibaba, Twitter and Facebook Oh My!
“Hot” IPOs like Alibaba, Twitter and Facebook are usually very emotional, much anticipated and huge financial media events. As I have discussed over and over, emotion in investing can have a very detrimental impact on your portfolio! I went back and found similar, much anticipated, “hot” IPOs to show you what transpired over the coming few months. The results should not be surprising. Twitter really bucked the trend over the past few years. While it initially dropped 20% from its […]
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Date: September 24, 2014
Alibaba… No Bubble to Me
With the Fed meeting, press conference and Scotland out of the way, markets turned to Alibaba’s initial public offering (IPO) to close a very busy week last Friday. Looking at possibly a record $20+ billion IPO, the money had to come from somewhere. And judging by tech stocks behavior over the prior week or so, it certainly looked like institutional investors were paring back holdings to pay for Alibaba. The hugely anticipated IPO priced at $68 and promptly opened at […]
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Date: September 23, 2014
Beware of Most Negative Seasonals of the Year
For the past three weeks I have written about the need for a short-term pullback in stocks. I have been and remain positive on the intermediate and long-term view for the stock market. Remember, pullbacks can come by stocks going sideways for a period of time or by price declining enough to entice buyers back in. In the major indices we saw a split pullback with the Dow, S&P 500 and NASDAQ 100 going sideways while the S&P 400 and […]
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Date: September 22, 2014
Textbook Consolidation Ends
Late last month, I wrote a piece concluding that stocks looked a bit tired at all time highs. Nothing terribly damaging, but they were in need of some rest. Routine, normal and healthy pullbacks can come in different forms. The easiest way for stocks to digest is to decline 2-5% fairly quickly, while another way is to see sideways movement with a slightly downward tilt for a period of weeks. The Dow Jones, S&P 500 and Nasdaq 100 all saw […]
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Date: September 19, 2014
Headwinds Abound This Week
Almost all markets finished on a sour note last week and that spilled over to begin the new week. While I have written about stocks needing a short-term breather, I was surprised that treasury bonds could not get a lift as stocks weakened. In fact, both stocks and bonds peaked the same week, but bonds sold off more significantly, something that is unusual. The major stock market indices certainly look like they want at least a little rally, but the […]
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Date: September 16, 2014
