The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.

A lot of wireless carriers have been doing well but they have fallen a bit from their highs. Wireless couldn't escape the tech wreck.

All stars are in alignment for Peabody.

Any ray of sunshine that investors can find is a big plus for the IPO market.

We are slowly awakening but are still a long way from recovering from last year's fall off. The Nasdaq has been up and that's a plus. But don't expect too much out of these offerings.

It's a good start in the sense that they're more subdued type of offerings, so less pure speculation is involved.