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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.05

+2.9%

Jan 5 3:59 PM EST

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To: Eric Wells who wrote (72727)	8/8/1999 10:33:00 PM
From: Victor Lazlo	Read Replies (1) of 164684

Eric I have not researched any further the status of these ipo's. I am really not in the market for ipo's at this time, as I think they'll be in a tough environment, to say the least. In the last several yrs, I have typically liked to watch good ipo's (real co's with revs and real earnings) for a copuple of months and see if they don't dip 5% to 15% below the offer price. Those that do will usually come back relatively quickly and do very well. I've referred to this in the past as the "IPO J-curve" and it happens so often I am suprised that, to my knowledge, nobody else has ever commented on it. But for now this may be tough to do, so I am just adding to the list for future reference. Victor

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