You are now logged out.
CPX: Lower Your Buy Limit to $25.50
The Hot IPO Trader
Thursday, April 27, 2006
By Louis Basenese
Email – #43
** CPX: Lower Your Buy Limit to $25.50
I’m still bullish about the profit potential for Complete Production Services (NYSE: CPX) – I just don’t want to go chasing shares above $26.
So let’s raise our limit slightly to $25.50 and keep monitoring the situation through the end of the week. If we don’t get a fill in the next two days, we’ll pass and move on to the next opportunity. As for this week, the docket is cluttered with some lukewarm deals that are barely big enough to garner any attention (with total offering sizes just above the $100 million mark).
Next week holds some more promise, though, with at least four deals pricing, including a provider of technical services to the U.S. government and military. After a cursory review, the IPO looks promising because of its long history (in business since 1951), substantial backlog, and stable revenue base (the U.S. government is its biggest client).
I’ll get you a full rundown on all the deals – including a potential recommendation – by Tuesday of next week. And I’ll also provide a full update on the current positions in our portfolio.
Until then…
Louis Basenese
Market Watch
NASDAQ
1431.50
+5.40
SP 500
756.55
+5.81
DJIA
7223.98
+53.92
As Of 1:22AM 3/14/2009
Attention Money Map Subscribers!
Money Map Report,
New China Trader
& Money Moves Alert
are now found at www.moneymappress.com