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Technology Stocks : Wireless Facilities (WFII)
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To: Jim B who wrote (79)11/11/1999 10:55:00 AM
From: Techplayer  Read Replies (1) of 465
 
Jim, As you can tell, there is a trend with these new offerings. More often than not, there is a consolidation after the IPO hype that will last until 10-12 days after the offering. After that, evaluating the price makes sense for a run into analyst coverage. I picked up a couple of k again yesterday at 58 and will add if we drop closer to 50. The 25 day analyst coverage should provide a nice pop if the trend holds. $Mogul knows that this is a common trend with IPO's which is why you need to be careful not to follow blindly. Good luck, Brian
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