TSC Weekender: The Nasdaq Rocket, Tyco's Hospitality and the IPO Love-Fest

Plus, Idiot Box on the slippery slope of lock-ups and quiet periods.
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Worried that you had a little too much eggnog at the company holiday party? Ah, nevermind! It's time for you to relax, kick back and prepare for the week ahead. Take a look at the rollicking discussion happening on the B2B message boards, with readers and Jim Cramer trading comments. And TSC Weekender catches you up on the week's biggest stories last week below. Don't miss our discussion with Donald Luskin, president, CEO and co-founder of Metamarkets.com, who appeared on our TV show this weekend. Also, humorist Eugene Finerman tells what it's like to pen speeches for the kind of execs that invest your money (Finerman provides the prose; the execs provide a voicebox -- and healthy dose of corporate ego). And lastly, try to predict where the "No-Limits" Nasdaq will end the week in the TSC Weekender contest!

Nasdaq Attack

Short-sellers are

weeping, analysts are topping price targets with

higher price targets and, according to message board posts on

TSC

, some investors are getting a little light-headed from the thin air. This Thursday hand-over-fist trading pushed the

Nasdaq

into its heaviest trading day

ever

. Friday's trading ended with another record-breaking close. But as several big boys like

Yahoo!

(YHOO)

and

Qualcomm

(QCOM) - Get Report

pushed upward, most other stocks fell during the frenzied feast or famine.

What's different with this run is that not just daytraders are involved. Dan Mathisson, head stock trader at

D.E. Shaw Securities

, told

TSC

earlier this week, "You see little guys and institutional guys jumping in and saying we just have to be where things are hot." The momentum will carry the Street into next week; whether it will continue remains to be seen. Look for

TSC's

continuing coverage and analysis on the companies in your portfolio that will be affected under the "Mad Dash to Nasdaq" tile.

Open House

Tyco

(TYC)

said this week that it's putting out the

welcome mat for the

Securities and Exchange Commission

after the agency initiated a "nonpublic, informal inquiry" into charges and restructuring procedures associated with acquisitions. The company's CEO told the press that Tyco is opening its arms because accounting questions have soured the stock.

We'll say. Since a 52-week, post-split high of 53 in mid-October, shares have tumbled 50%. After the company's announcement of the inquiry Thursday, the stock took a punch in the stomach, losing 22%. Friday shares closed up 2 1/4, or 8%, at 30 1/2.

It was during the autumnal days of October that David Tice, a Dallas, Texas-based fund manager who says he was not then short the stock, suggested the company was using cookie jar accounting to puff up earnings. Posh, says Tyco. And some analysts

concurred. So while the SEC is rooting around in the closets and going through files, the acquisitive conglomerate -- at least publicly -- is putting up its feet and happily playing host.

Pining for Linux (and Other Tales of IPO Bliss)

For a concept hatched by a bunch of hippy-groovy academics, free ("open-source") code sure made a lot of people stinking rich this week.

Andover.Net

(ANDN)

, a group of Web sites based on the Linux operating software, was first to bat on Wednesday. The fact the deal was priced using a

"Dutch auction" process didn't cast a pallor on the stock; it finished its debut day up 253%. The company has nothing to do with the

posh prep school that shares part of its name, but investors who got in early on this deal will probably be able to afford to send their kids there.

Andover.Net's pop looked puny next to

VA Linux's

(LNUX)

explosion on Thursday. At the closing bell, the stock was at 239 1/4, up 209 1/4, or 698%, from its original pricing, but down 25% from where it peaked earlier in the day. No, the company is not selling

eternal youth; it hawks PCs outfitted with the Linux operating system and plans to make profits by selling services and support.

Investors were still revved on Friday, hurling their cash at yet another IPO -- B2B online auctioneer

FreeMarkets

(FMKT)

, despite its lack of Linux-related luster. The ground was well-laid for the big move when,

before the stock had even started trading

,

Bear Stearns

set a 12-month price target of $300 per share. The stock closed Friday at 280, up 232, or 483%.

The IPO love-fest blithely ignored

SEC

head

Arthur Levitt's

midweek

warning that investing in newly public companies is "risky business." Investors' response: Ah, spoilsport! You've been watching too many

movies!

Staff reporter Eric Gillin contributed to this story.