Well, much has happened lately. On my end a hard drive crash. On Oneseason's end some interesting events. More interesting than hard drives taking a dump!
We had last week DRNT's (Kevin Durant) stock jump from around $7 to $17.94. It then settled around $15.83 and has now slowly dropped to $13.34 per share. A trend I don't think will continue. I believe he may be one of the next stocks to split outside of the up and coming IPO Larry Bird. We also saw 2 days ago DNCN's (Tim Duncan) IPO announced with him open on the market yesterday. Duncan peeked at about $8.40 and the buyers have dictated the stock ever since, with sellers selling him today at around $7 a share at one point. Amazing! He is a very good buy with under 1500 SOI's on the market at that price. His stock should be at the $10-12 range.
Next on Point in the IPO world is Larry Bird. Bird being a legend should do well in this market, I would expect a split out of Bird on his first day of trading, but that will depend on the share holders and their willingness to sell cheap or hold for a nice gain. I believe BIRD will rise fast, but how high? That is the ultimate question that I don't think any of us have the answer for.
Good Luck on the Bird IPO,
Snipes
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