Buying IPOs on the open market Message Board

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Technology Stocks : Buying IPOs on the open market

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To: BarbaraT who wrote (5216)	12/15/1999 1:24:00 PM
From: Jim B	of 5529

well, you're smarter than me... i got OPTO at 18 1/4 and though Kim says "mid 30s"... I'm not sure short term that I made a very wise decision.. my gut tells me this thing will be below $15 before long and will take quite awhile to run over $20... but then I'm not very good with predicting behavior patterns for NASD stocks.. gonna hold OPTO for now and see what happens.. as always I may end up selling it sooner than anticipated due to weakness.. or because something else looks better.. but for now going with Kim's analysis and my own DD that says OPTO is clearly undervalued... just hope the daytrader in me can hold off selling and can wait for it to move higher.. sure hope the market takes it up.. much more fun to buy a stock and watch it go up.. then to buy high and watch it go down.. left with 2 choices: 1) sell at a loss or 2) sit and wait.. and wait.. and wait.. you've been having some bad luck it seems lately... hope it gets better for you... i got MMs LTWO yesterday at 4 3/8 and $5... got killed... sold it all near $4 today.. ugh but made up for it with some IPOs.. take care and best wishes back to work jim

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