IPGP (IPG Photonics corp)

This is a recent IPO that had a lot of excitement around it. The offering price was $17 but the stock immediately traded between $22 and $26 its first day. It is interesting to note that the stock has not broken outside of this range in the 3 weeks since the stock became public.



Yesterday I put in an order to buy 5,000 shares and was suprised to be able to get all the shares done at my limit (kudo's to my friends at Knight Securities for getting the transaction done). The stock traded up in the afternoon to close at 25.75 well above my $25.00 entry price. Volume also picked up on the day and while it is still very thin, it should start attracting some attention and hopefully bring in some institutional buying.

Jan 16, 2007

Today was a disappointing day for the stock. I couldn't find any news or reports of any kind but the stock traded down on very strong volume today and I was just barely able to get out for a break-even trade. This is probably not so un-common for this type of trade as the stock is fairly new and it only takes one or two motivated sellers to knock the price down. Chances are it will rebound from this level but discipline has me liquidating until the pattern shapes up and I know more fully what is going on behind the scenes in this name.