Cramer's Deadly Secondaries
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Created by barrons3
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Date updated:06-25-2009
"But I think it is worth pointing out that those companies that did deals represent some of the hardest-hit merchandise out there and I don't think the hitting is over." - Jim Cramer
-
TXT
Textron Inc - $19.81
- -0.75%
- $20.00
These secondaries are proving to be land mines all of a sudden. Take the Textron (TXT) secondary at $10.50. You had a nice gain going there for a while, but that's just vanished.
-
APC
Anadarko Petroleu - $62.57
- +0.03%
- $62.51
Anadarko (APC) has been a fantastic 10% gainer ... poof.
-
COF
Capital One Finan - $38.80
- +1.12%
- $38.58
Capital One (COF) has never been in the black, but now you are being roasted alive on that one.
-
X
United States Ste - $39.49
- +1.15%
- $39.16
U.S. Steel's (X) in free fall; that 19-point gain seemed too good to be true.
-
FITB
Fifth Third Banco - $9.74
- +2.10%
- $9.78
Do you want to stick around until Fifth Third (FITB) breaks the $6.33 print price?
-
WFC
Wells Fargo & Co - $27.68
- -1.91%
- $28.07
These offerings now all seem dicey with a lot of excess stock kicking around. I think that's fine in the case of Wells Fargo (WFC); I have been waiting for that stock to pull back after its miraculous run to $28 after the secondary.
-
BAC
Bk Of America Cp - $15.98
- -0.50%
- $16.08
I wish Bank of America (BAC) would come in.
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Q.
why did BK get kicked out of the...
11.14.09 | 04:45 AM Asked by
fine tune your disciplines
A. i was just wondering why all of our
favorite (now)investment firms are in on
the DG deal and not the one who had
purchased a fund of hedge funds last
year.
Q.
Steel....playing catch up now. ...
03.24.09 | 11:34 AM Asked by
dgbkr
A. The only one I own : SLX,
too hard pick a winner out all of them
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