BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Ken Whiteside who wrote (590)	4/21/1999 9:21:00 PM
From: Jimbo Cobb	Read Replies (1) of 954

I don't disagree with you, really, just trying to say that LPGL is a bit different than the others you keep mentioning...I was in on many of them....have you been shorting CMGI after one of their holdings goes IPO ???? With the others, it was a 1-shot deal....they did the IPO and it was over, end of story.... With LPGL, they have the venture capital portion of their company, with 15 or so private investments and more coming all the time....They did NETG, now they are doing NETP, soon they will be doing RAMP, then it will be another one.... And very few people know about it....it hasn't been hyped up like most of the other plays... I think it could well run-up tomorrow and then fall back Friday even if NETP opens at $50 (if it opens under $40 and maybe under $50, I will be buying on the open market)....I think NETP will eventually go to $100 if the InterNUTS stay healthy... Wish you well with both NETP and LPGL...if you get NETP shares at the IPO price, a short of LPGL as a hedge makes more sense....of course, since you can only get a few shares at best at the IPO price, the hedge should only be for a somewhat like amount of LPGL.... Let us know if you get your Wit/E*Trade shares of NETP !!!! Jimbo.

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