Talk City Inc - (Nasdaq-TCTY) Message Board

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Technology Stocks : Talk City Inc - (Nasdaq-TCTY)

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To: pressboxjr who wrote (220)	8/5/1999 9:35:00 PM
From: Pullin-GS	Read Replies (2) of 293

Actually JR TCTY is one of the worst run IPOs I've come across. This is not a intended to be a bear-post, just an informational post. I've traded TCTY twice and made a whopping 1/8 point total! Anyway, here's the scoop on TCTY's poor performance: LEHM is a primary underwriter (Undertaker in this case) for TCTY. LEHM has been dumping the stock since day one. Traders thought at first that LEHM was just putting false offers up, and buying up loose-handed shares from scared IPO holders using NITE and INCA, so the price held above $12 for a few days...but the real selling continued.....even below $12. Today LEHM held steady, selling at 9 1/16. I bought today, thinking that TCTY would rally, but sold half for a quick trade (peanuts). When the underwriter sells, it is not a good sign. TCTY had all the making of a $25 MINNIMUM INET runner on day one. It's up to the longs to make anything of it now. I'll jump in (small) right before the quiet period is up if TCTY has'nt run up just to see if it can do anything. ....and FTR I'll never participate in a LEHM under-written IPO in the future...you TCTY IPO holders got robbed.... Regards.....

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