Buying IPOs on the open market Message Board

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Technology Stocks : Buying IPOs on the open market

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To: PartyTime who wrote (162)	7/29/1999 4:09:00 PM
From: Marshall001	Read Replies (1) of 5529

KOOP got picked up by 2 seperate daytrading clubs. Thats why it ran so high on the first and second day (remember the 25m share trade volume?) I think NTOP will react like PKTR tomorrow. Might gap down but should make a small run in the morning. All the daytrader should be out by now. In fact, I just picked up 200 more shares at the close for a gap play in the AM. VERY risky, It could gap down. I made enough on it today to take the risk. If it does gap down the gap fill rule should take effect. Essentially any gap should get filled before an issue determines a trend for the day. If it gaps up, I will sell it at open, If it gaps down, I will hold it for a small run. It actually works better when you wait till morning. I think todays selling is extreme and tomorrow should give a little relief. Probably not an up day but a lot of tech stocks need a rebound before continueing down. M

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