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Technology Stocks : WHICH ARE THE HOT IPOs?

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To: Topannuity who wrote ()7/3/1999 12:13:00 PM
From: Topannuity   of 33
 
Interesting statistics:

redherring.com

Scorecard year-to-date

Number IPOs priced
(excluding units) 222
Number up 163
Number down 53
Number unch. 6
Percentage gain (loss)
From issue price 74.4
From opening price 11.1


The gain across all IPOs this year is +75% !!
Meaning, if you got shares in every issue you would be outperforming the S&P, NAZ, etc etc etc etc etc by a HUGE percent.

BUT!! if you purchased IPOs at the opening on the first day of trading, you would be basically FLAT (+11%).

This year our strategy of getting IPOs before the open is working very well.

Hersh
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