E Toppy New Stock Issues Coming

The assault against my website continues, now led by a person calling him- or herself Jollyroger.com, the flag of pirates. I think that this is to intimidate my independence rather than to lure me into clicking into its site and may also be what the porn outfits are after. I have alerted my web hosts to the issue but they are not exactly speedy in reacting. I am being besieged by spam phone calls offering me everything from cheap credit to triple tax-free bonds, delaying my blogs.

Business newspaper article

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Harvey Katz writes in today's Value Line:

“The most likely scenario is that the recent market gains can be sustained, but that future progress from these elevated levels might be a struggle—at least until some of the economy's promise is realized.

“It's hard to fight the tape. So with the market still strong for the most part and vaccines on the way, investors should remain committed to stocks, but also to be careful.” That sounds about right.

Unusually for Dec., there are several toppy new stock issues coming, like Tesla, rated underweight by JP Morgan a day after hitting a new high. TSLA now plans to sell a further 7.8 mn shares at $642 each, raising $5 bn, once added to the DowJones at the money (at the trading price), a 3rd offer this calendar year as it rose 6-fold. Meanwhile, Tesla's plan to build a huge car plant in Gruenheide (Eng: Green Heath) in Brandenburg, East Germany, was hit by environmental restrictions, Green Heath being a snake conservancy. Snakes are more important than green cars. Things are easier in Texas to which Elon Musk is moving from Silicon Valley where you don't need to know German.

Moderna MRNA, the partner of Pfizer PFE in corona-virus jabs, was downgraded by Needham analysts from buy to hold, down 2 levels, at $163.72 today.

Kepler chopped Ferrari (RACE, sold) as a hold from buy. We sold ages ago but for less.

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