Trading BLOG – BladeLogic

Not a bad start. Up seven points from it’s pricing of 17, BLOG – BladeLogic hit my online trading radar today. The stock offered a quick scalp off the open. Now I’ll watch for some trading patterns to develop. Two factors make this ipo attractive. Morgan Stanley and Merrill Lynch are serving as the lead underwriters. Also, the company had originally expected to price the offering between $12 and $14 per share, but raised its price range to between $16 and $17 per share on Tuesday. That’s demand.