Allaire Message Board - Msg: 7615509

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Technology Stocks : Allaire

ALLR 1.170

-1.7%

Nov 14 9:30 AM EST

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To: David B. Higgs who wrote (75)	2/2/1999 1:05:00 PM
From: Gary Metzer	Read Replies (2) of 612

David et al, Re: Flipping IPO shares Don't know why ANYONE would consider flipping an IPO when it might put them on the s**t list and prevent them from getting any shares on future IPO's for awhile. I've participated in the following with Schwab: INSP - IPO'd at 15 and just sold today at 62 ALLR - IPO'd at 20 and trading at 54 1/4 now ETM - IPO'd at 22 1/2 and trading at 28 15/16 now PER - IPO'd at 16 TODAY and trading at 41 now IF I would have flipped the INSP IPO, just look at all of the profits that I would have missed. I try to work it out so one IPO pays for the other; meaning I sold INSP today to pay for my PER. I've never seen such easy, risk-free money making opportunity ever. Happy Investing Gary

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