Wit Capital - The way of the future? Message Board

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Non-Tech : Wit Capital - The way of the future?

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To: eDollar.com who wrote (5220)	6/20/1999 2:14:00 PM
From: Topannuity	Read Replies (3) of 16809

To all Waterhouse bulls... I think you are making a BIG!!! mistake.. The float will DEFINITELY KILL this deal. I just finished some hard research on how float affects IPO performance. Below is a list --in millions of shares-- of every IPO that has priced since January 1, and which is currently trading at least 100% above its IPO levels: BRCD 3.2 CMTN 4.0 CPTH 4.5 EXTR 7.0 MKTW 2.7 MMXI 3.0 MRBA 4.0 PCLN 10.0 PRSF 8.0 PHCM 4.0 RTHM 9.4 STRM 7.0 SILK 3.0 VERT 3.5 Look at the float amounts. ALL the winning IPOs had floats AT OR BELOW 10 million. WATERHOUSE float is 3x that of PCLN which was at 10mm.. Even Goldman Sachs which is a much stronger underwriter than Waterhouse and which had a great track record of 50%+ gains for all its IPOs flopped miserably when they floated 25,000,000 shares of BNBN. I GUARANTEE YOU ALL... the WATERHOUSE IPO will fall of its own weight. There will not be any premium in this stock BEFORE the end of the required holding period. (It will likely break its IPO level, especially if the inets sell off again.) I SUGGEST EVERYONE CANCEL YOUR INDICATIONS BEFORE WATERHOUSE PRICES UNLESS YOU WANT TO LOSE SOME OF YOUR TRADING CAPITAL.

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