Trying To Get Zipcar

In the past few days, there has been a bit of M&A chatter on various companies ranging from Exelixis (Ticker: EXEL) to Tyco International (Ticker: TYC). I don’t have positions in either of these companies, but I am keeping a close eye on them. My primary focus is on Big Lots (Ticker: BIG) and we should be hearing soon on the results from the second round bids.

In the mean time, I’m trying to play some IPOs. I placed a conditional offer for a few shares of Zipcar (Ticker: ZIP), but this one will be difficult to get because of the thin float and strong demand. I’ll know tomorrow morning if I’m allocated any shares.

Edit:

I was not able to get my hands on any Zipcar shares. It’s not surprising…