I am watching $RA: As my readers know by know I am a big fan of bounce plays, after all what goes down must bounce!! It will be interesting and provide some great trading opportunities as more IPO’s start to roll out. ”Private equity firm Blackstone Group’s chief executive said the worst of the industry’s slump is behind it, and dealflow and IPO investments are opening up again.”
Watching the IPO Desktop RailAmerica (RA), Largest owner and operator of short line and regional freight railroads in North America, Mr. Gaskins was quoted, “Fortress PE IPO bailout falls flat: –9.6%.” You can check out the report here: http://www.gaskinsco.com/linkto-ra.shtml To me this means watch it and see what it does next couple sessions. Somewhere it will hit a bottom and that is going to be easy money.
Look for new IPO’s this week $CRIC and $ZSTN for some possible action.
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