LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Jay Lyons who wrote (8286)	2/11/1999 9:04:00 AM
From: Susan Saline	Read Replies (1) of 43080

>>>When ever we have had these high publicity Net IPO's, the major Net stocks have sold off severly immediatly after the IPO's open. It's almost as if air needs to come from the existing balloons to inflate the new ones. It's not just stocks that are directly connected to the IPO, either, it happens across the board. Jay ... normally I would agree with you on this ... But right now, the indices are wanting a rally ... and we have just gone through a pretty good sized dip. I am going to take the contrarion view on this, this time. Think a move up for the ipo's will continue into the others today but as the chartseer would say ... "wthdik" LOL Sue

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