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Pastimes : How to best deal with KOOKS at this web site

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To: Iceberg who wrote (1763)	11/14/1998 12:58:00 AM
From: Gottfried	Read Replies (1) of 1894

Ice, [edited] re volatility as a function of price: at the very low end are penny stocks. Syquest [SYQT - now defunct] is an example. A couple of weeks ago a SYQT fan boasted that that stock had gained 50% in one day. It had gone from 2/32 [or 1/16] to 3/32 That was the minimum up move of 1/32. It could not move up less than 1/32 or 50%. Seems very volatile. A 50% intraday movement for a $100 stock is probably unheard of. G. How about this IPO? RECORD-BREAKING IPO.... So this company theglobe.com went public today. Came out at $9. Went to $97!!!! Really. Then closed at $63!! Up $54!!!! And what is theglobe.com? Looks like just a Yahooie, build-your-own home page thing to me! BTW, the New York-based company beat Broadcast.com for the biggest gain ever for an IPO. Avtel went to THE MOON!!!! And then it was halted. K-Tel dropped $8, to $19. Eventually all this Internet madness will end. But not this month!! fortune.com

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