More proof the banksters can unload anything on the sheep for a premium, even macaroni and cheese shaped like bunny rabbits.
It really sucks that the market has become nothing more than a guessing game as to what is going to be manipulated when.
The ONLY trade now is to either bet they're going to take the market to infinity or remove their grip and let the chips fall where they may.
HD is overbought, but silly me didn't account for the rudimentary fact that f'ed funded banksters can override the the fundamental and technical aspects and mkt pressure and keep this or any stock afloat as long as they need. Again, I point to Exhibit SHLD.
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Pasta maker Annie's shares soar in NYSE debutShares of organic pasta maker Annie's soar in market debut on NYSE
By Anne d'Innocenzio, AP Retail Writer | Associated Press – 51 minutes ago
Companies:
ANNIE'S INC. JPMorgan Chase & Co JPMorgan Chase & Co.
NEW YORK (AP) -- Shares of organic pasta maker Annie's Inc. are soaring in their market debut on the New York Stock Exchange.
The Berkeley, Calif., company raised $95 million in an initial public offering, pricing 5 million shares at $19 late Tuesday.
That's above the range of $16 to $18 that the company expected on Monday. It originally planned to offer its share at $14 to $16.
Since about 80 percent of the shares were sold by company stockholders rather than Annie's, the company expects net proceeds from the IPO of just $11.6 million, after expenses. Proceeds from shareholder sales don't go to the company.
Annie's plans to use some of the money to pay down debt.
Annie's makes a number of organic and natural foods that are sold nationwide. It's best known for its signature macaroni and cheese with pasta shaped like rabbits.
Credit Suisse and JPMorgan managed the IPO.
The stock is up 72 percent to $32.67 in the first hour of trading. |
