Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (6526)	2/2/1999 9:40:00 PM
From: donkeyman	Read Replies (1) of 18998

It must be awful nerve wrecking buying some of those new Internet stocks coming onto the Nasdaq at prices ranging from US$10.00/share to US$20.00/share with those IPO's. I understand certain favorite people can pick them up at those low prices but the majority have to buy at much higher prices from the Nasdaq. Many of them open several times their original value. Market Watch I think opened at US$18/share.?? I put in a bid at US$24/share and it opened at US$93/share. You must need nerves of steel to buy into those very expensive stocks. I find the lower priced Internet stocks give you higher percentage return, and if they are lucky to make the NASDAQ a major bonus. The Percentage gain is the key.!!

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