Foundry Networks, Inc. FDRY Message Board

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Technology Stocks : Foundry Networks, Inc. FDRY

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To: techstocker who wrote (38)	9/25/1999 1:20:00 PM
From: The Phoenix	Read Replies (2) of 1225

tech... I would suggest multiple limit orders. You don't want to get stuck holding an entire position at $80 if the stock comes out the shoot at $80 and settles in lower - as many often do. I'd split your limit order - a little here a little there. If you're really sure about the stock I'd set one third of my position at$80 and one third at $50. Then I'd take another third and place a market trade at the open. Worst case I'm in for a third of my position if the stock rockets. The other worse case is the stock sinks after open and your stuck holding expensive $80 shares..but at least have averaged down with a $50 position. The other sane thing to do is to take a third of your position and place a market order at the open. Then wait a few days for the IPO to settle....even JNPR didn't rocket off for a week or so. It take some of the risk out. OG

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