BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: dealmakr who wrote (4310)	2/3/1999 9:34:00 PM
From: C. McD	Read Replies (2) of 5847

An interesting story about trading pre-IPO shares: I bought UIHIA (a backdoor to a hot European internet IPO) with the money I made selling BANY at $0.80. Apparently shares of the IPO, which is scheduled to begin trading in Europe and the US on Feb. 11, are being traded on a European "grey market" prior to the actual IPO. The shares are up to ~$40 from the expected trading range in the 20~30 range. I'm not sure if this was the major factor in today's ~20% gain (UIHIA also got a non-IPO mention on CNBC late in the day), but I'm sure it didn't hurt. Pretty cool though, an organized place where you can trade shares of stocks BEFORE they IPO. How long do you think it will take before we get something similar in the U.S.? BTW, my other nice post-BANY play was CHAI, thanks to Brad. I am currently exploring UNH, a 14.8% pre-IPO owner of 8.9M shares of internet health issue Healtheon (HLTH), which WILL IPO later this month. If anyone else wants to set up a UNH thread or do some research, let me know. UNH is at $47, and could jump 10% or so if HLTH is hot.

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