Buying IPOs on the open market Message Board

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Technology Stocks : Buying IPOs on the open market

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To: Marshall001 who wrote (464)	8/24/1999 12:49:00 PM
From: PartyTime	of 5529

Nope. Your comments only reaffirmed where I was instinctively headed. My error was to withdraw completely from NTOP, thinking it was going to go back down so I could buy back in. I pretty much knew PKTR was going to do well on Friday so I loaded it. Unfortunately, its movement was slow out of the gate and it didn't perform well until near Friday's close. My other mistake was miscalculating the amount of time I was going to have yesterday to monitor the market. But so what? Now I've got a great position staked in PKTR, which is not a bad parking place during what seems as a minor IPO-trading week. The fact all morning PKTR has been trading over a buck is indicative it'll climb higher once the market has settled from the feds. I have a feeling, oeverall, the market will have a powerful close. All in all, some of what we do is based on fact; but another great part of it is instinct. I hold the reflexes of a shortstop, however can I translate this into trading at the right time? Doubtful, but I'll try anyway--LOL!

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