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19-May-08
Secondary Offering Blues
Man, I got stung not once but twice by secondary offerings today. GNK in the morning and now NUE after hours. Perhaps a sign some people running companies thing we have hit a nice place to cash in?
All in all, GNK handled it well, and thank god EXM and DRYS just trounced the street on earnings, we're already back up $2.50 on the "this-industry-kicks-ass" play.
We shall see how NUE fares tomorrow. Down $1.50 after hours.
Posted at 14:51 in Market Report | Permalink | Comments () | Top
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