<<To: +srvhap (134 )
From: +Mark T. Heath
Sunday, Apr 19 1998 9:13PM ET
Reply # of 170
"Either Mark is yanking your chain or he has a company that he is going to bring public
through one of the underwriter(s), or has a *MAJOR* account with one of the
underwriter(s) (both of the above would make me wonder why he would be posting on
this thread :)).
Neither of your assertions are correct. I do have an account with Dean Witter, but
neither I or my DW broker would classify it as "major". I'm posting on this thread
probably for the same reason you are; I own the stock too. Due you have anything
factual to add to the discussion?>>
Mark, I didn't mean to single you out, I was only trying to offer some caution. BRCM Was Hyped on other threads and I only wanted to point out some of - what I felt - was over excitment. I have been in this game for a while, not real long, but long enough to learn some lessons. When I see folks talking about guessing where to place the open - especially on an IPO, like it or not I feel compelled to offer caution.
Widly hyped IPOs have a tendency to jump big time during the first and sometimes a few days after, then they start dropping like a rock. My guess IMHO is that this was one of the classic's in an over done market. I see this one going to 45 then a rise to 50, then a slow fall to around 30/35 maybe lower if the market starts to adjust. Now of course, I may resume to 75+ in the short term before it corrects, but correct it will (if history is any indicator, RMBS, FRTE, ect...) If the company executes a good plan and all goes well this may turn out to be a good investment. But once again, my only point is that this issue was being talked up all over SI with very little caution and therefore it's were it is today! |
