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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (10162)12/1/1999 6:04:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Marc: Yes, that astute investor makes good sense. Assuming FMKT is a flyer and if one does elect to chase it, one should be aware of the high risk one is taking in such a pursuit. I will not chase it. There is the chance that it will come down to earth after an initial run as has been the history of some Goldman IPOs of late.

But placing a buy limit order at more than twice the offering price is an act of temporary insanity that is indicative of the market we are in today.
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