Could this be the start of one last push by professionals to get more retail investors in the game and drive the market higher one last time before the Fed begins to wind down QE? You can be the judge ... Fed QE Tapering Now Needed To Avoid Bubbly 'Hyper Drive
On another note, IACI continues to perform well. It is up 3% at $51.74/sh on ok volume. It appears that a few funds increased their holdings in IACI during Q1. Even though we upped our valuation of the Company just recently on 5/1 (to $54/sh from $52/sh), the stock is now around 4% from reaching it. BCOR is up more than 1%, at $17.85. As a reminder, we increased our valuation to $21.25/sh (from $19.00/sh) last week. We did see some profit taking earlier this week. While the overall equity market keeps disappointing the pessimists, although again we believe it is overvalued, some immunization to FB due to its disappointing performance appears to be at work. The stock is down nearly 1%, even though the market turned positive approx. 30 minutes ago. And AVID is pretty much flat right now.
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