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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Panita who wrote (17015)9/29/1999 4:17:00 PM
From: Kimberly Lee  Read Replies (1) of 108040
 
NTSL would have been fine if the retails didn't put in so many market orders before the open. If it opens at around 16 or so, it would have had little trouble advancing a little. I think many novice retails were mesmerized by the news of FDRY yesterday and try to chase mediocre IPOs at any cost. For this reason I didn't buy any IPO for keep (unlike yesterday, in which ITXC, FDRY, MSCP and few others were bought for at least overnite) today. In fact, I sold nearly all the IPO shares at or shortly after the open.
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