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Technology Stocks : Modem Media . Poppe Tyson (Nasdaq: MMPT)
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To: Craig K who wrote (208)2/6/1999 9:01:00 AM
From: Mohan Marette  Read Replies (2) of 821
 
You didn't do too badly as my information is that majority of the buyers in the secondary market paid over $50.00 and they wouldn't sell it until the stock reaches acceptable levels,if they sell at all as some are not traders.So my point is that it is fair to assume come Monday and following days there will be a shortage of sellers at the Friday's close therefore if the demand is what I expect it to be then we would see a very nice run up in price.

Also you raise a valid point in that the customers of the underwriters and major brokerage houses who got in on the IPO wouldn't most likely sell as this is shunned by the underwriters on account of the fact that if they do it would disrupt the efficient distribution and trading of the IPO in the secondary market.So if anybody in their right mind who wants to get future IPOs from the underwiters/brokerage houses wouldn't sell at least for 30-90 days (at least this holds true for individual customers ,I heard they make allowances for their big institutional customers if there are any),I can't say that for customers of e*Trade for sure.

Another interesting point,insiders won't be sellers either any time soon if I am not mistaken and that brings us back to the demand and short supply equation which usually spells higher price for the stock,that is my story and I am sticking to it until proven otherwise.<g>
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