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: ChopChop99 who wrote (810)	9/8/1999 10:53:00 AM
From: PartyTime	of 5529

PKTR very impressive today. LIOX bogged down for a bit. It's hard for folks to resist taking a five-point profit off the table. But soon this kind of selling will stop and upward action will resume. In fact, given what we've seen and know, buying LIOX anywhere close to 20 would be prudent. I could be wrong, but I have a feeling the general market will turn around later today. One thing I've noticed is market makers will use any excuse--Britain's interest rate, Greenspan's rap, confusion over interpreting a government report, anything at all--in order to bring prices down--'cause that's when they accumulate--knowing that buying interest is strong enough to support higher prices. And it's at those higher prices MM's are more than happy to sell you shares at. Call it MMM = Market Makers Milking! (LOL)

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