Richard; Forgive me for being blunt, but bucket shops are bucket shops plain and simple. Take a look at www.ipomonitor.com and see how their deals faired. More importantly, look at the companies they take public, and try and assess their quality. Remember that having big name guys on the board is meaningless, look at the example of Morrison Knudsen (MK) a few years back, or at GK Intelligent Systems (GKI) a few months ago. Board members join for many reasons, friends, family, $$$, quality of company is not always the highest priority.
As for Whale, Chris Byron, who writes for The New York Observer, and MSNBC, did a great piece on Whale Securities, and the frauds they foist onto retail investors, a year or 2 ago, try to look it up, it will open your eyes (It sure opened mine!).
If you like firewalls, there are lots of good companies around, check out Axent, Checkpoint, Milkyway Networks (in Canada), and Elron Software (Israel) for some other ideas.
best regards;
Joe |
