Thursday, May 15, 2008

Hot IPO's

I am currently invested in three IPO's. The first V I have discussed here before. It has been down a bit this week, with option expiration coming, but staying within the upward bound trading channel. I've heard predictions of 100 before the end of the month. I'm not sure if it will go that high that fast, but we will definitely see 90. I have been collecting V in my IRA, and have gathered a lot of June 100 and 110 calls. I held them through the expiration week, so I've had some time decay, but with the flips I did before this week, I'm still green over all on V trades, and looking to score big in the coming weeks.

The next IPO I am trading is IPI. Intrepid Potash has been channelling between 46 and 52, and I bought a few June 55 calls to make a short term trade. My first target is 100% gain.

The last one is a little risky, but I made an extremely small purchase (less than 100 shares) of CFX. I have it in my investment account. I got in on a dip today at $23.75. I got tired of watching it go up a dollar or more each day without me!

Always perform your own due diligence before making any investment.

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