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: westpacific who wrote (338)	8/19/1999 4:59:00 PM
From: Marshall001	Read Replies (1) of 5529

They may price any aftermarket profits right out of this one. I may watch this one and only enter if it opens reasonably. Anybody else with thought? EDIT: Agile Software...sorry. Also, Holding NTRO overnight for a gap and run. Historically, new hot issues have reached their near term highs in the second or third day. I am currently looking back at lots of IPO's in recent months to try and determine a pattern. Just looking though, I would say that early trading should be positive. We tested support at 22 several times in the last hour. All the sellers should be exausted by now. Most daytraders exited from 29 - 23 the first drop. This one seems to trade flat for a while before making a run. Saw this at 14, briefly at 18, 20, and again at 23. with buyers at each new level. Looking for a breakout in early trading with a slow leak decline into close tomorrow as traders take thier IPO money to AGIL or MYPT etc... I do not watch them long term (after 4 days) so I don't know what to think after that. This is the first time I have posted my TA on this thread, so It will probably bite me in the ass. One sentence blurbs had worked well up until now. I hope that I have helped a few of you make some $$ or at least not lose too much. Looks like my bad fill at 14 13/16 didn't turn out to be bad after all. Good Luck. M

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