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KORS and ZYNGA out the IPO gate this week

Michael Kors Store Opening

Image by Urban Mixer via Flickr

Michael Kors and Zynga are going public.  The IPOs for either are settling at a price. For Kors it is expected to be about 20 per share and Zynga about 12 which has gone up from the initial pricing at 8-10 per share.

Unless you are doing the trailing stop thing you can’t put any positions on Kors just yet because the price has not been set at this writing.

Here are some of my stock picks

SIRI=sirius has the potential of going big. I usually check with about five different sites before I decide like “seeking alpha” “Barrons” and Reuters.   So I stocked up on Sirius because it is under 2.00 I think. It’s my radio stock.  But I went with Al Gore and his Centinel back when and then the dude got sued for 75 M I think and of course the stock went to zero.

No matter because Al Gore is now super rich because he invested and is on the board with some of the richest Jewish and non Jewish geeks in the tech biz i.e., Facebook, Google and Apple.  However his own company which was some kind of radio plus there was the TV station but the stock was for the radio station .

Something about Fridays: that is actually a good day to buy stocks because the prices drop on that day as sellers are getting money for the weekend or something.  I am not taking my own advice on this as I should but this Friday the gains on the Dow and Nasdaq did hold so that’s a good sign.

I could have gotten all the stocks I have now if I had bought when the Dow did that big drop a short while back.  Here’s one way the 99% can strike back–with stocks!

GE = General Electric

Disney= DIS

Dreamworks

BAC – Bank of America

F = Ford

AMZ= Amazon

AUQ= a gold mining company out of Mexico that sounds promising

a new stock relatively SIRI see above note

Yahoo

Cisco

Oracle

I got burned on the Microsoft and Yahoo last time.  I did not buy Micro because it seems stuck in the 20-dollar range forever lately.  I lost on Micro last time.  Lost on Yahoo but got a few stocks cheaper.  BAC was just too cheap to resist.  I think I paid like 5.02 per share at the last batch but more like six something on the first go round.  But obviously the short or long sellers took their cut but the BAC is back on the rise.

U.S. stocks closed near flat Friday as investors considered a drop in America’s jobless rate and the ongoing European debt crisis. Friday’s mixed trade came after this week’s bullish winning streak. The Dow had its biggest weekly point jump in three years.

After a sharp jump, stocks came off their highs as investors assessed the jobs report. This morning, the Labor Department said the U.S. gained 120,000 jobs in November and the unemployment rate fell to 8.6% from 9.0%. The government also revised jobs data for October and September to show that 72,000 additional jobs were created over the two months. Private-sector hiring in November reached 140,000, the agency calculated. http://seekingalpha.com/article/311578-dow-posts-biggest-weekly-gain-in-3-years

ZYNGA IPO values company up to 9 billion dollars

Wow, how prescient.  Today Zynga did file for its own IPO seeking to raise 1billion but the company is valued at 9 billion as said in the title.

The social games maker, known for Facebook games like “FarmVille” and “Mafia Wars,” plans to sell 100 million new shares between $8.50 and $10 each, which will raise $925 million based on the midpoint of the range, according to a regulatory filing on Friday.

The deal values Zynga at as much as $9.04 billion, about a third less than the $14.05 billion valuation that the company cited in a filing two weeks ago.

one more thing:

Zynga aims to set its IPO price on December 15 and the stock is scheduled to trade on Dec 16.

Based on a fully diluted share count of 904 million, which includes existing shares and stock options, the IPO price values Zynga at $7.7 billion to $9.04 billion.

http://finance.yahoo.com/news/zynga-plans-1-billion-ipo-023943977.html

I have this IPO on my watch list.  It’s in the works.  Angie’s list and Groupon stock actually fell below the IPO price which is not good news for them.  I did not buy either one.  Everything in my portfolio showed a profit the day the market nearly reached 500 a couple of days ago. 

http://www.reuters.com/article/2011/12/02/us-zynga-ipo-idUSTRE7B106920111202

The leading social games maker plans to sell 100 million new shares at between $8.50 and $10 each, according to a U.S. regulatory filing on Friday.

At the midpoint price, the IPO could raise $925 million, which would make it the largest from a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

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