The preseason headline out of allsportsmarkets is...
NHL Pittsburgh Penguins Skyrocket Up 86%
The Pittsburgh Penguins were by far the hottest pick on the board. Opening with the lowest IPO price of the NHL teams ($5.25 US) and a float of 2,000 shares, the Penguins sold out within minutes of their release and reached a trading high of ($9.77 US) by Sunday’s close. They are currently holding a 38.9% gain. Traders on AllSportsMarket.com feel the post 2003-2004 NHL season additions of Sergei Gonchar, Jocelyn Thibault, Mark Recchi, Zigmund Palffy, John LeClair and NHL number one draft pick Sidney Crosby have added life to the team.Hmmm, I'm not sure what it all means but I'm glad to see that my Av's trading under the AVLNC symbol have gone from $10.25 to $10.29 despite the losses of Forsberg and Foote. WooHoo!
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