|Day Low/High||11.76 / 12.06|
|52 Wk Low/High||7.56 / 21.10|
Despite the strength in equities in 2019, several high-profile initial public offerings landed with large thuds and have struggled since.
The indices moved into positive territory and now the action has cooled off.
Thin seasonal trading and various end-of-year pressures can produce some surprising movements.
This has been an amazingly strong uptrend. However, it is going to be very lumpy now until the end of the year.
I'll be looking harder for some January effect plays and one of the prime areas for that is the broken IPOs that are trading near lows.
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
I'm still very optimistic about some good entry points but discipline is the key.
Weakness further causes poor breadth and small caps are suffering, but it's too early to call a top.
This continues to be very good price action but obviously it is becoming extended and there are some major technical hurdles.
To turn Jim "El Capitan" Cramer's watchword of his investment faith around, there is always a bear market somewhere. Today and yesterday I took very nice gains in shorts in , , and .
This looks like a normal pause within an uptrend.
While the majority of other IPOs have struggled, this stock is in a position to test recent highs.
The momentum in the broader market is not that strong and the rotational issue continues.
Both BA and JNJ appear to have made decisions in which the bottom line took precedent over what they stand for as a company.
There are a few random names with momentum, but mostly there is just a lot of churning action.
I remain short SmileDirectClub . On Monday, SDC's shares fell by nearly 15% following the Governor of California's signing of California Assembly Bill 1519. The bill requires radiography or other equivalent bond imaging prior to orthodontic treatmen...
I was quite active in my trading and investing over the last two days (while I was on the West Coast and not writing in my Diary). Here is a summary of my actions: * I have added to my private equity shorts - (a new position) joins . * I have reesta...
There is buying across the board right now but the question to ponder is how much to chase into the trade announcement.
Let me give you the items I want to see before I bless buying anything in what has become a plain, out and out, treacherous market.
There are some stock moves that will simply go without explanation. Ever.
I have seen a lot of positive comments on SmileDirect Club on our site and elsewhere this week. It's not currently a name of mine but I had done a lot of work on it prior to the IPO and had come to a conclusion that it could be an intriguing short i...
SDC is being valued at the same multiple as competitors with significantly slower growth.
Are things that bad? I remain a non-believer in the recession thesis.
A big rotation, Fed rate cut, impeachment inquiry, attack on oil facilities, and signs of a slowing economy failed to produce significant movement in the indexes.