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: kendall harmon who wrote (75053)	12/11/1999 12:06:00 PM
From: hjz	Read Replies (1) of 120523

Great debut for FMKT about 40 points higher during the day. It shows that Goldman Sachs is the best in the IPO business. They could have opened this stock at 300 and created the big headlines of the highest IPO ever but they were smart and now buying momentum is in the stock. Unlike LNUX which opened up at near 290 and made headlines in every news organization of the highest IPO ever. It is nice to own that title but beware to those that wear the crown because remember which stock owned the title before it was TGLO which now 1 year later is trading about 50% lower than the IPO price. LNUX is now trading at 218 down about 70 points from it's opening and FMKT is trading 40 points above it's opening. The lesson is if you want to invest in new IPO's, get to know the IPO underwriter as well. Follow those IPO's that have successful underwriters who know the IPO market. Those underwriters know where to price an IPO and where to open it to build momentum behind the stock. I hope that this helps some of you that want to invest in the IPO market. HJ

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