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To: Triffin who wrote (22)	7/6/1999 10:53:00 PM
From: Triffin	of 869

EVENT TRADE: IPO's - End Quiet Period The idea per the previous post is to establish a position post ipo in anticipation of a price run-up prior to the end of the so called 'quiet period' generally about 20-25 trading days after the ipo .. These trades have a high probability of a favorable outcome ( as longs ) for a number of reasons .. 1) difficult to 'legally' short 2) high probability of positive initial analyst coverage 3) 'facilitation' activities by the underwriter/s 4) stronger anti 'flipping' rules Take 1/2 position near lows or MOC on post ipo+3 Take 1/2 position post ipo+6 If the above procedure results in an averaging down then sell at post ipo+10 if no price recovery as a stop loss If the above procedure results in an averaging up then use a trailing stop below the prior days low or some other valuation metric Another approach is to establish the trading range for the security to post ipo+10 and use a 'buy stop' above the top of the range good for the next 10 trading days and let the 'winners' put you in the market "Pricing info here" biz.yahoo.com "Post ipo performers here" biz.yahoo.com biz.yahoo.com Always better to go with 'name' underwriters as the above two links clearly demonstrate

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