IPOs to Watch
at 2005-12-04 19:53:36
Intercontinental (NYSE: ICE) has already doubled its expected IPO revenue. The IPO is so hot that they had to raise the offering price range to $24-$26 per share and increased the total number of shares available to 16 million from ten million. And remember, you heard it first from me yesterday.
I have not heard any other updates as far as the Under Armor (UARM) or Sunpower (SPWR) IPO. I know both of them will price this week. Sunpower looks to start trading on Friday November 18th. Also keep an eye on the Mastercard IPO. I suggest that you call your broker and try to get into these IPOs if possible. I still think they will all buy good buys if you buy them on the open market the first day of trading.
Intercontinental (NYSE: ICE) IPO Prices at High End
at 2005-12-04 19:53:36
I just checked with Charles Schwab and the Intercontinental Exchange IPO (NYSE: ICE) priced at $26. This was at the high end of the range. Originally slated to price between $18-22 at 13.5 million shares. The size allotment increased to 16 million shares.
Cypress Semiconductor's Sunpower IPO also increased its range from $12-$14 to $16-$18.
Under Armor also increased their range from $7.50-$9.50 to $10-$12.
XBOX 360 Stock Plays
at 2005-12-04 19:53:36
Here are some XBOX 360 stock plays. I have no position in any of them as of 11/16/05. I might consider buying some of them.
Activision (ATVI) - Has a few video games that are included in some of the XBOX 360 bundles.
ATI (ATYT) - makes video card inside XBOX 360.
Electronic Arts (ERTS) - Publisher of Madden Football Video game. Rather pricey stock.
Gamestop (GME) - I recommended this stock back at $30 in October. Retailer should see a good Q4.
Logitech (LOGI) - Makes special remote for XBOX 360. Logitech also makes a variety of highly rated products.
Take-Two (TTWO) - Controversial game publisher of Grand Theft Auto. Also has a division called Joytech that makes the controllers for XBOX 360.
Please do your own research before buying any of these stocks.
Sunpower IPO (SPWR)
at 2005-12-04 19:53:36
Sunpower officially began trading today on the Nasdaq: ticker symbol (SPWR). The stock priced at the high end of the range and then ran up 41% today to close at $25.45. I had owned Cypress Semiconductor Jan 15 Call options for this play. I sold all of them a few days ago for $2.00 each. I think you have to let Sunpower (SPWR) come in a little bit if you wanted to buy some shares.
Once I hear where Under Armor's (UARM) stock prices at I will let you know. Congratulations to all that have seen nice gains in Sunpower (SPWR) and IntercontinentalExchange (ICE).
Under Armor (UARM) IPO Prices at $13
at 2005-12-04 19:53:36
I just checked with Charles Schwab and Under Armor (NASDAQ: UARM) priced at $13 a share.
12,006,000 shares were sold. We just have to wait and see were this stock opens tomorrow. I predict it will open at $17. I would not be surprised if it hits $20 or even $26 for that matter.
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