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Technology Stocks : TheStreet.com, Inc. (TSCM)
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To: Ross Roberts who wrote (31)5/8/1999 7:17:00 PM
From: Gerald Walls  Read Replies (1) of 1822
 
If this thing doubles on Monday (or whenever it goes) would you sell half of your shares? All of 'em? Or do you really think this company has a good possibility of being a "keeper" (as I do)?

Now there's the $64,000 question. Usually the stock will at some point in the first month drop below the opening price. If you can time the IPO opening-day-or-two buying peak to get out and then time the first-month trough to get back in, you can make a ton of extra money. OTOH, some stocks don't seem to want to drop, despite their ridiculous valuation, like PCLN.

I haven't yet decided if I will keep all 100 shares (I bid for 500 at whatever price they offer it at) or sell half if I can get in on the IPO. I sincerely hope that I do, since I seem to have the earliest possible IOI time of 4:25.

IMHO, TheStreet.Com has very good name recognition among on-line stock buyers, which is the group that drives .COM prices, so it should be Big, Really Big.
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