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Non-Tech : Wit Capital - The way of the future?
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To: ChopChop99 who wrote (4883)6/15/1999 12:43:00 AM
From: eDollar.com  Read Replies (1) of 16809
 
ChopChop, every IPOs nowadays scares me, and more with a 60 day hold.
Waterhouse is OK, but a float of 32 Millions. BNBN, with a float of 25 million screwed me bad. Goldman dropped form 76 to 60 with 60 million float. Wit is only $1 more than its IPO price.
Now if fed increases interest, financials will do poor. schwab is predicting drop in tratdes. It is a matter of time eTrade or Ameritrade will follow suite.

Now whether to get Waterhouse or not, with 32 million float? DLJ Direct is only 24 now. If some bad news breaks out of eTrade or more interest rate jitters occurs, It will go below IPO price for sure.
I cannot take a decision now. Will take the decision on nite of pricngs and market conditions. Will compare if Waterhouse will be a better bargain vis a vis eTrade or DIR then. Anyway I IOIed.
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