An Eye for IPOs
We were a little oversold to start the day, so the additional gap down this morning provided a good opportunity for dip-buyers. The big question is can they build on it or will the flippers kill it.
I'm already seeing quite a few fades, and breadth is a bit sluggish, although the indices are close to flat. I suspect that big buyers are not in a rush yet to accumulate on this weakness. There are buyers out there, but many expect more downside in the near term so they are scaling in very slowly....169 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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