Getting your defences right
It's often a warning sign if you can easily get stock in an Initial Public Offering. The best floats are the ones where most investors can't get an allocation – another reason to pass on most IPOs.
But floats are useful in one respect: opportunistic sellers rush to market when they know they can get a good price. IPOs are a financial beauty parade, a signifier of what's hot. And what's hot right now are the most boring, easily-analysed stocks imaginable.