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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (10393)12/10/1999 11:58:00 PM
From: mister topes  Read Replies (3) of 15132
 
I agree with you Justa. There are two entirely different approaches at work here. One is to buy at the IPO price if possible and pick up some very very easy money. The other, which is not advisable in my opinion, is to chase the aftermarket frenzy and hope for the best. Certainly not the way you or I would invest.
It is very important to remember at all times not to get caught up in speculative mania. And a stock priced last week by the underwriters at $16 trading tonight at $280 is part of a speculative mania. Great though for those lucky 4000000 shares purchased today at $48. That is as good as it gets in one day. But has nothing to do with aftermarket chasing of rainbows. Not my cup of tea at all.
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