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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (4876)6/14/1999 8:05:00 PM
From: ChopChop99  Read Replies (2) | Respond to of 16809
 
Wow, how times have changed!

Think back to just a few weeks ago, and imagine that we'd be here trying to figure out who wants Waterhouse and who doesn't.

Elroy, I agree that it's a good long term stock. The question for me is if it's gonna do well enough short term to tie up the bucks for 60 days. My money is beginning to look very finite, and I'm at the point where decisions must be made very carefully on these IPOs. I'm CO'd for 200 shares right now.

On CARI, I really like this one. I think they're in a hot niche, and if I accurately understand the service they're gonna provide, I know for a fact that it's sorely needed and bad overdue. BUT, I'm also a bit shocked that any internet IPO price range got raised today. Given market conditions, I kinda expected this one to price at $14 or $15. Now I'm thinking it's probably gonna be $18. Decision time again...



To: Elroy who wrote (4876)6/14/1999 8:24:00 PM
From: steve stark  Respond to of 16809
 
Elroy, I agree this is probably a good long term play but there is no room for a pop at the open. Look at the valuations. At 8.8 Billion, its not cheap. What if it opens at 30 then its valuation is 11 Billion which is pretty generous given the market we are in. I placed a CO at Wit but need to do some more research before it prices.

steve