Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: kathyh who wrote (412)	3/26/1999 2:41:00 PM
From: Wayners	Read Replies (1) of 108040

As long as you are safe from getting a margin call you will be fine because IPOs tend to hit bottoms within 4 to 10 days of its initial day. Within 25 to 28 calendar days of the offering BT Alex Brown and other underwriters will issue buy and strong buy ratings on the stock. All you are seeing right now is profit taking because of the quick jump from $22 to $46. Those taking profits are doing so with the expectation of being able to buy it lower once again from fearful people over the next 2 to 8 days. Their goal is to capitalize on the next inevitable run in anticipation of and immediately after the initial brokerage coverage and the underwriter's retail brokers getting their clients to buy the stock.

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