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Technology Stocks : AppliedTheory Corporation (ATHY)
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To: Gordon Gekko who wrote (38)5/5/1999 1:38:00 PM
From: .com  Read Replies (1) of 98
 
"When was the last time a good Internet IPO traded below it's offering price?"

I owned one last fall which traded below its offering prices for a couple of weeks--DRIV. It came out in the 8 range, traded between 5 and 8 for a while and eventually hit 61.

All the nets are getting smashed lately, and as a group they start trading up 4-6 weeks before earnings season. This is the time period to pick spots, establish positions and wait.
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