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Technology Stocks : Buying IPOs on the open market

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To: Mr. Big who wrote (3495)	10/21/1999 10:14:00 AM
From: puborectalis	Read Replies (1) of 5529

From the FDRY thread.....To: Jerry Miller who wrote (418) From: Michael Ulysses Wednesday, Oct 20 1999 10:43AM ET Reply # of 422 "FDRY is showing very good relative strength compared to the rest of the market. As soon as the market bounces back (I think it will be late today or tomorrow)FDRY will be the first stock to take off on the up side. Remember, the end of the quite period is nearing and everyone is going to give this stock a strong buy." And Callas was just as confident: "Soon they will bring 10 gigabyte switches in the market -- this is the company CSCO fears. FDRY is the winner." Shortsqueezer detailed his reasons for setting a $200 price target: "FDRY is insensitive to bond yields, inflation data, Yen/USD/XR, and all the other noise that have scared the market. The next generation Internet hardware sector remains hot. The so-called end of the quiet period effect. The float is ridiculously small." Over on the Yahoo boards, MPhudder busted out his crystal ball: "Expect small moves up this week -- big spikes next week when FDRY tells everyone 'we are the next Cisco.' I'm hearing rumors that FDRY may announce (breakthrough) earnings this quarter plus a stock spilt. Hang on tight!"

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