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Technology Stocks : Buying IPOs on the open market
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To: Bread 'n Butta who wrote (5314)1/11/2000 10:17:00 AM
From: faro   of 5529
 
Concerning ANDN, my broker told me that most of the bid were in upper 20'ies since people didn't want to lose the allocation.

Actually, I "bid" 28$ without knowing it, for the broker made a bid for the total of all the customers who bid. And at the end I was allocated 500 shares which I sold for 63$.

So far I didn't make much on IPO since I was allocated only 100 shares the couple times I participated. Yet I made quite a few bucks by buying on the opening day with JCDA and particularly with JNIC

Faro
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