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Technology Stocks : Charter Communications (CHTR)

CHTR 220.61

-1.5%

9:43 AM EST

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To: Mary Baker who wrote (476)	11/11/1999 10:40:00 PM
From: Craig Gordon	Read Replies (1) of 2437

Watch out for Goldman Sacs. Here is what they did to me on the day Microsoft went public. Since they were the underwriter if I wanted to get Microsoft stock on the opening I had to open an account with them so I could put an order in prior to Microsoft going public. Originally MSFT was scheduled to go out at $16 but there was so much demand that they upped it to $19. I put in an order to buy 2000 shares. Here is what happened. They filled me with 250 shares at $21 and 1750 shares at $27. Now right when Microsoft started trading I bought some for my kids college education accounts through Schwab at $25. When I asked Goldman Sacs what the hell happened they told me "We could only get you 250 shares as an allotment and we had to wait 4 hours to begin trading the stock in the open market since we handled the initial public offering" If you haven't figured it out they don't use vaseline.

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