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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (6266)5/5/1999 12:04:00 PM
From: KevinThompson  Read Replies (2) of 57584
 
Noticed something interesting that I saw on Briefing.com.

It is a bad sign when an internet IPO doesn't begin trading at least 100% above it's IPO pricing. Lately many Inet IPO's have been seeing less and less of an opening day pop. BUT, today really takes the cake. CDOT, an internet operated real estate information company, did not even begin trading at their IPO price. In fact, they are currently trading down a point below their pricing ($14 -$1).

I'd say this is a pretty bad day for internets alright. Just another signpost.

Regards,
KT
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