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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Cymeed who wrote (485)2/7/1999 1:43:00 PM
From: Mark[ox5]   of 779
 
This is why I dont like buying new IPOs the 1st week
Granted TUTS had a disadvantage of a bad week on NASDAQ
But now seems to be where to buy it...it is back to
where it was the 1st day... and high of 86 already
Seems to of stabilized in upper 50s, low 60s but its
guesswork at this point because it has no history.
Main danger is volume dries up as people chase
this weeks IPOs and totally forget about TUTS. But
I think with the "coverage initiated" tactic in the
next 1-3 weeks it shouldn't be a big concern

Ticker: TUTS

Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
01/29/99 7,582,100 63 3/8 48 57 1/2
02/01/99 3,001,200 86 1/4 58 1/4 71 1/4
02/02/99 1,933,800 83 5/8 70 1/2 76 1/8
02/03/99 1,214,100 82 1/2 62 66
02/04/99 1,103,900 68 5/8 57 1/8 58 3/8
02/05/99 803,900 61 5/8 55 1/4 60
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