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Technology Stocks : CMDX - Chemdex, another CMGI gem
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To: djane who wrote (34)7/27/1999 1:49:00 PM
From: Robert Rose  Read Replies (1) of 200
 
I think you were smart to cut your losses. The mm's are walking it down 3 steps for every 2 up steps. I also didn't like the 7.5M shares offered. There's too much inet inventory around. There will be plenty of time to get back in a a lower price.

I remember when athm went public as one of the first really big money losing ipos. Opened in the low 20's as I remember, and I thought that was outragious. Eventually got down to about 16, as I recall. I would not be surprised if a similar scenario plays out with these recent inet ipo's.
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