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: sjemmeri who wrote (282)	8/17/1999 8:43:00 PM
From: PartyTime	of 5529

I still like NOVA. Check the revenues, this with only 10 clinics. In my opinion, NOVA's revenues make it a solid bet for a successful IPO. If anything, NOVA revenues should enable upward movement instead of downward movement. But I agree that LOOK is cool too. I'm hoping I can find a way to play 'em both in the open market. Either way, once I buy I'm in for quick sale and profit, leaving 20 percent behind for fate. If you think about it, leaving 20 percent behind in several highly prospective stocks ain't a bad way to go either--eventually it all piles up! Why play the underwriter's game (60-day holds and penalties?!?) when you can play your own game and be in control for the distance? So long as you limit your losses (never lose more than two points!) when you get bogged down in a fizzle IPO, you can't lose playing 'em this way 'cause you're constantly locking in five to 10 points gains against minimized two point losses. Meanwhile, you're leaving 20 percent behind for the ride.

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