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Technology Stocks : @HOME IPO
ATHM 25.15-0.2%9:30 AM EST

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To: Jon Tara who wrote (290)7/9/1997 10:10:00 PM
From: Richard Makowiec   of 383
 
A thought from me posted on the Netcom thread. Sharing it here as a courtesy (since it's thread related).

<<<Looks like @home(ATHM) will open(Thur or Fri) at $10 or better (up from the lowside of $7 originally planned). I can't touch it at that price. Co. is being valued at a billion $ leaving the starting gate. I was going to try and catch it at 8(for a quick 2 or 3 pt. gain) but no way can I enter it at 11-12 (while it's leaping off of $10). 7,000 subs and never made a dime, to pricey for me. I strongly suggest that those considering a play here wait for an Aug pull-back to a lower level (8 tops). Kind of reminds me of MSPG...couldn't touch it and it traded up, maybe this one will too, but I won't be along for the ride. The cigar smoking "Good ole Boys" realized it would get a warm reception and with "one stroke of the pen" raised the IPO 43%. It sure is a crazy market. @home...ZOOM or GLOOM? I don't know...they can have it at that price though. >>>

I can't get in at that price, better in my judgement to wait for better days to play this one. I'll stay sidelined for awhile. Is anybody considering jumping in the day of the IPO?
Have a nice evening,
Rich
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