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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?


To: Tae Spam Kim who wrote (3869)6/9/1999 5:49:00 PM
From: Gerald Walls  Respond to of 15145
 
Why a secondary? Why not just buy the stock in the open market?

Secondaries harken back to the days where they were useful for avoiding the hundreds of dollars of commissions that your broker would charge you for an open market buy order. Now it's only a rare one that makes sense and only then if the discount's big enough.