RMG (Riskmetrics) was an ipo by Goldman Sachs that debuted on Friday, Jan 25th, 2008.  The compelling aspect of this ipo was how resilient it was in the wake of an overall market sell off.

This company makes portfolio risk management products for financial institutions, hedge funds and banks as well as analysis and research products for institutions.  MXB is a competitor.  On a value comparison MXB with 86.73 mil shares has a market cap of $2.9 billion on $370 mil annual revenues. RMG has a market cap of just $332 million (14 million share float) on $179 mil in annual revenues.  Thinking along those lines, RMG is very undervalued in comparison to MXB.  A move to $27-30 range is not unreasonable even in a tough market. 

     More importantly, this was Goldman Sachs IPO and these guys have been pretty good about supporting their ipo's on the first and early SECOND day.  ATHN was a good indicator of this when they IPO'd and gapped up 3pts higher even on a Dow -200 day.  My thinking is RMG should set up for a ramp to the 25-26 level early Monday morning especially if the noodles are gapped up.  Good idea to look to BID Premarket levels 23.75 to 24.20 Monday morning on light shares if you didn't get in on Friday for the overnight (we're in from 24.20).  Ironically this one has weekly upper bbs at 28.90 level on a mini pup.  Good trading!