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

To: ChopChop99 who wrote (4897)	6/15/1999 6:14:00 PM
From: TIG	Read Replies (1) \| Respond to of 16809

Chop, Count me one as the IPO holder where everyone else flipped the heck of this sector. But I figured most of the iPOS crashed 50 to 70%, such as turf, vusa,bout(why I didn't flip it at 100:-(, if I sell now, doesn't make lot sense as I think from a short-term perspective, the inet stocks are start to look attractive. I am glad I still has some cash reserve to ride it out man. But the last 30 days has been really brutal. Flip or not, undervalued or overvalued, everything is relative. But if I had to point my finger, it's the goddamned underwiters who just can't stopping bringing out the POS companies and flood the whole sector. From a historical point of view, Wall street never learns from it old wounds. The same situation(to a lesser scale) happened in mid 97 when the ipo market was flooded with too many net ipos. I could only wish the underwriters stopping the frigging practice and pay attention to what the market has to say: NO POS IPOS, U POS! Sorry about the emotion. Really pxxsed of by the netos and cdots lately. Tig