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: mact who wrote (784)	9/8/1999 1:08:00 AM
From: ChopChop99	Read Replies (1) of 5529

Excellent point, folks. It often doesn't matter whether or not we find some issue undervalued or overvalued as compared to a competitor. The simple fact is that the street has stocks that it likes and others that it doesn't. For example, MDCM and EELN. Don't get me wrong, MDCM has been a great play, I'm still long, and I'm very thankful to $Mogul for doing the DD and discovering how undervalued it is on paper when compared to its competitor EELN. But no matter how well MDCM has performed, it hasn't thus far remotely approached EELN in share price or market cap. Will it eventually? Who knows. But at the moment it's pretty clear that the street just hasn't given a rip that MDCM does way more business and loses far less money. EELN is consistently double the price of MDCM. I still think MDCM is a wise buy at its current price. But, I also think its "overvalued" cousin, EELN, is a good buy at double the price. If we're smart, we'll play the hand we're dealt instead of trying to figure out why the cards are falling the way they are. JMHO... Chop

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