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: Ken Whiteside who wrote (462)	8/24/1999 7:25:00 PM
From: Srinivasan Balasubramanian	Read Replies (1) of 5529

Ken, NTOP is a mania. Yesterday WSJ reported that short-covering propelling NTOP in a upward spiral. Lot of momentum buying squeezing the shorts at every stage. When Street.com ran a scathing article on IDTC, I thought it would be difficult for NTOP to make any substantial run but the market is an humbling experience. And James Cramer shortly after the IDTC episode, when questioned on what he thought of NTOP, said nothing as if he has not even heard of it before. Self-serving and egoistic. Probably going long on NTOP on any meaningful pullback and short on IDTC now is a good hedge. - Srini

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