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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote ()	8/11/1998 3:38:00 PM
From: David Lee	Read Replies (1) of 7247

Tim, and everyone What do you think about SAP and COOL. Two newly listed companies that are likely trading below "acceptible" levels. That is, when a company is taken to market, the underwriters have a understood agreement that they will do everything it their power to keep it above the initial offering price... My guess here is that the underwriters are too stretched in this correction. I would expect SAP to get back to 60 and COOL to get back above 17 by the end of next week. David

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