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Strategies & Market Trends : Rande Is . . . HOME
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To: Kevin Shea who wrote (8767)6/29/1999 3:17:00 PM
From: Rande Is  Read Replies (2) of 57584
 
Kevin, I may need you to crank up that IPO machine of yours again. . . can you set it for picking secondary bottoms on recent IPOs?

Here is what I am sensing. An over shorted position on recent IPOs that ran up just prior to the big high-tech slaughter. . . .especially those with a small float. . .

So investors bought the float. . .sent it to the sky. . . then the bottom drops out of the market prematurely. . . and shorts come in and drive the recent IPO down hard. . . .too hard. . . .my feeling is that many have still not sold off their shares.

Could it also be that the WITC mania is NOT over their future or that of the sector?. . . but merely on the volatility and the short-covering that sent it half the way up . . . and the low float and subsequent mania that sent it the rest of the way up. . . .along with the Barneys that FOLLOW the action with their upgrades.

I would be interested to see what happens when interest comes into another from this group. . . like flyboy's TGLO. . . or AWEB. . . or HLTH or TURF or TSCM [not for me. . .just for comparison] or ABTL or or or SBUX or similar stocks [you pick 'em] that hit it big [especially those in the mid-to-late spring]. . .then crashed with market. . .and have been floundering since.

Would love to hear views on this speculative play.

Rande Is
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