Convergent Communications, Inc. -(CONV) Message Board

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Technology Stocks : Convergent Communications, Inc. -(CONV)

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To: Panita who wrote (58)	10/31/1999 3:13:00 PM
From: Silver_Bullet	Read Replies (1) of 105

It is interesting that many feel that funds hold IPO's for a significant period of time. "GS would not issue an upgrade until funds finish selling." I am sure some will, but I would be willing to bet that most 95% of funds flip the shares the first day, especially if it opens and trades significantly higher on the first day. I have had discussions with fund managers and the game to them is flipping the first day or so. Why invest in anything else when you can make 50% to 500% the first day depending on the IPO. Those are significant gains on a couple of millions of shares! I doubt that any fund held any of the shares for much longer than the first day or two. Just my take. FT

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