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Strategies & Market Trends : WR's Momentum Trades
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To: Wayne Rumball who wrote (5509)2/11/1999 10:22:00 PM
From: E. M. Edds  Read Replies (1) of 11130
 
Wayne,
Regarding VERI, I think that is exactly what happened today. People, in general, who invest in IPO's are doing so based on the immediate gains available by doing so. Accepting that fact, most investors who confused VERI for VERT have already been informed or have become aware of that mistake, which was reflected in the sell-off from $5 to$1 today. That leaves investors who intended to invest in VERI, who may buy more at these prices, or hold anyway. Then that leaves investors like Kimberly and me and whomever else who realize there are three groups now watching VERI:
1. Old investors before the confusion, who will likely buy more or hold.
2. New investors attempting to capitalize on the 30-50% discount from previously established levels of VERI (2.25+).
3. Investors who confused VERI for VERT, and are holding or will average down to achieve a break-even or better.

I think there's a lot of potential here.
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