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Technology Stocks : EarthWeb IPO
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To: neverenough who wrote (46)11/11/1998 11:04:00 PM
From: mod  Read Replies (3) of 177
 
You can sell within 60 days, but they impose a higher "penalty" commission (5%), and you may lose preference for future IPOs. I'm planning to hold my EarthWeb for at least 60 days, as I want to continue to have access to IPOs. I realize the stock could drop in half, but what the hell, I doubt it'll drop back to 14. Might even go up, who knows?

The reason they discourage "flipping" is because it helps them get allocations of IPOs, by promising a more stable base of holders to issuers. Issuers hate when the underwriters claim to place their stock in "strong hands", and then they see it all flipped the first day.

Dennis
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