September 1994
Intermediate to advanced
264 pages
5h 30m
English
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Chapter 11
Equities
Throughout this book, I have presented numerous methods and strategies designed to decode the market puzzle. My experience suggests that these techniques can be applied to all markets equally well. Whether your specific interest lies in the area of cash currency, commodity, fixed income, or stock trading, the applications and the results should be comparable. Because of the variations in market composition, however, composite indexes may vary from one market to another. In this chapter, I intend to highlight various trading strategies I have created and have applied to both individual stocks and the stock market.
New Issues—Initial Public Offerings
For many years, I have observed a similar trading pattern for most newly issued stocks. I have been particularly sensitive to the trading activity of these new issues because I was in charge of trading these stocks when I first entered the investment business over 23 years ago. Although nothing in the investment business is for certain, and most techniques, following a period during which they work exceptionally well, undergo a period of erosion and disinterest, this method seems to have successfully withstood the rigors of various market environments and of time. Whether the climate for public offerings is hot or cold, this technique on balance seems to work, although the degree of success seems to be influenced somewhat by the overall market.
Typically, once a new issue begins to trade, I look for the following ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.