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| Secondary Action Track |
A secondary action track is a proprietary trading model of the IPO Financial Network Corporation (IPOfn) that gives short-term recommendations on secondaries. Only filtered companies are taken into account, which are those that have filed to issue additional stocks but have not yet been priced.
By paying a subscription rate, the customer receives reports containing, for instance, buy and sell signals, triggered buy and sell signals, canceled buy and sell signals, and expected earnings announcement dates.
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The trading model takes no fundamental information into consideration. Fundamental information would include, for instance, income statement data such as earnings, balance sheet data such as book value of assets and liabilities, and cash flow statement data such as cash flows from operating activities.
The basic methodology used for the secondary action track is called technical analysis, in contrast to the fundamental analysis that applies fundamental information. Technical analysis studies past financial market data and identifies nonrandom price patterns to forecast price trends.
Thus, the technically based agenda of the IPOfn corporation only requires price activities of the considered stocks and attempts to identify short-term trends. IPO Financial Network also offers daily faxed reports for initial public offerings referred to as IPO action track.
