Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Long John who wrote (64347)	10/3/1999 9:10:00 PM
From: kendall harmon	Read Replies (2) of 120523

FDRY--the best quote in Barrons this weekend IMO, came in a piece concerning IPO's in general and the opening of FDRY in particular. People have the idea that these kinds of ridiculous openings are positive, but... <<"The psychology's totally different today," says Philip Davidson, former syndicate head for Kidder Peabody. "In my day, the job was maximizing the price for the company based on knowing supply-and-demand and valuation. Companies today have been sold a bill of goods that these market premiums are good for them, that they can sell more stock on the second go-around. Day traders chase these issues like lemmings rushing to the sea.">>

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