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Technology Stocks : Allaire
ALLR 1.170-1.7%Nov 14 3:59 PM EST

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To: roulette who wrote (80)2/2/1999 1:34:00 PM
From: Gary Metzer  Read Replies (1) of 612
 
Roulette et al,

Re : what do you mean ?? get put on the s**t list? is there some kind of list for people who buy ipo's only to turn around and sell for the profit or something??? what are you talking about?

Schwab says up front that if you sell one of their IPO's within the first 30 days, then you WILL NOT be allowed to participate in future IPO's for the next 6 months. While it is true that someone might be able to "flip" and not get caught, in my view it just isn't worth the risk. A couple previous posts here mention of others who had this happen to them (if I'm not mistaken). After 30 days, no problem. As I mentioned, I sold INSP today which came public over a month ago.

Gary
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