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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (22724)3/21/1999 10:10:00 PM
From: Kimberly Lee  Read Replies (1) of 122087
 
When I saw the indications around 100 at 12:15pm, I immediately put in a limit order of 94, dumping all my IPO shares. To its credit, GSCO did fill my orders with very decent price.

CNBC was pumping it all day on Friday, and it still dropped to 80. Ivillage is worth at the most $50, even without taking into consideration of the allegations of pre-mature recognition of revenues.

I would be a little hesitant about shorting a GSCO darling for a prolonged period, though. Probably best to short and take your money and run as soon as you turn a decent profit. I still remember the bloodbath when GSCO and the 3 assisting underwriters squeezed the brave EBAY shorts during last November and December. Of course, EBAY is a much more substantial and profit making company than Ivillage so a direct comparison may not be valid here.
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