For best results, skip this IPO
Hey traders, A few things to be aware of this week: CPI (Consumer Price Index) and PPI (Producer Price Index) numbers are coming out. That will guide The Fed as to what they do with interest rates. But the biggest news of the week is the ARM IPO. I warn you not to get caught up in all the excitement, for a few reasons. Not only are IPOs unpredictable… But insiders often get the stock at a lower price than it's being offered to the general public, so there's going to be selling pressure from these insiders to get out. But that's not even the biggest reason to stay away… Click below to continue reading. | |
My biggest takeaway from all this… There are a lot of unknowns with this IPO. I would stay away. A much better place to put your money is in weekly income trades. If you want to see what I do every single week — no matter what The Fed is doing, or which IPO is crashing and burning… click here and watch the video. | |
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