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Technology Stocks : UBID - an IPO spinoff of Creative Computers
UBID 3.0000.0%Jan 21 4:00 PM EST
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To: drakes353 who wrote (376)1/7/1999 10:51:00 AM
From: SHGLaw  Read Replies (1) of 581
 
If ML ever wants to underwrite an issue again, it has to provide support. This is different that the amzn fiasco, which Cohen blew completely. The problem here is an embarassment of riches. Can you imagine ML coming in the a strong buy rec after this has gone up 8 fold? The situation is problematic, also for the fact that ML brought this out at 15 when, obviously, the market could have supported better.

But you are right: Cohen doesn't get the net. This is why I posted the diatribe. Sorry to be pedantic about it, but people are losing boatloads of money because of their lack of appreciation of what is happening here. Historical perspective is badly missing.

And I think MALL is going to soar, big time. Only thing holding it back now is the 180 day lag, and potential for unknown during that period. Like time value of money, why get it later when you can get it today. But MALL will certainly pay off absent a crash.

Sorry about this heavy handed bullishness, but with all the spam that's been flying throughout SI, and the new-found guru's teaching all the newbies how to short stocks, I get a little carried away in trying to even the playing field.

SHG
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