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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 234.70

-1.2%

Nov 14 3:59 PM EST

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To: Eric Wells who wrote (70098)	7/27/1999 5:40:00 PM
From: Tradegod	Read Replies (1) of 164684

Ironically, I've seen numerous IPO's where a publically traded company who owns a big stake in the spinoff, actually goes down on the IPO day. The worst was Data Broadcast (DBCC), which owns a large chunk of CBS Market Watch (MKTW), I bought some in January thinking the Market watch IPO would be hot. DBCC had spiked from 16 to 60 in anticipation. I got in on IPO morning at 27. Our hopes were that the MKTW IPO would come out in the 40's. It opened at 100! DBCC rose to 29, promptly and I mean within minutes dropped 7 bucks to 21. It has never recovered. >I thought, "geez, I might be able to get 4 or 5 points based on the DSCM hype.

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