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Technology Stocks : Buying IPOs on the open market

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To: johnsto1 who wrote ()7/28/1999 1:41:00 PM
From: Marshall001   of 5529
 
I liked them too but they are sitting rock solid on 19 1/2. Been there for a while now. The mover today has been packeteer. Opened at 22 and is now at 30+. I have traded them now three times. In at 23 3/8 out at 25 3/8. In at 26 11/16 out at 30 1/4, and now back in at 30.

I know it doesnt make much sense to jump in and out like that while its still moving up but The first trade was only to get back the DSCM losses. After that its all speculative and much fewer shares.

M
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