You know I like to play IPOs just as they make new highs after building a base. Here are two that are making new all-time highs: Multi-Fineline Electronix Inc (MFLX) and Syneron Medical Ltd (ELOS).

Duru profiled MFLX while he was guest blogging for me last month and called it cheap based on the fundamentals. Fundamentals?!?!? ;-) The stock is too thinly traded for my liking so I never gave it any consideration. It jumped last night after reporting earnings. Hmm, maybe there’s something to those fundamentals after all.

MFLX Daily chart

ELOS never made a long enough base — it just keeps cruising higher. It looks a little over-heated right now but it may be worth watching for when it falls back to its trendline.

ELOS Daily chart