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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (192)	6/20/1999 2:02:00 PM
From: Topannuity	Read Replies (3) \| Respond to of 1413

To all Waterhouse bulls... You are making a BIG!!! mistake.. The float will DEFINITELY KILL this baby. Take off your rose-colored shades kids. I'll give you the REAL NITTY GRITTY on how float affects IPO performance. Below is a list --in millions of shares-- of every IPO that has priced since January 1, and which is currently trading at least 100% above its IPO levels: BRCD 3.2 CMTN 4.0 CPTH 4.5 EXTR 7.0 MKTW 2.7 MMXI 3.0 MRBA 4.0 PCLN 10.0 PRSF 8.0 PHCM 4.0 RTHM 9.4 STRM 7.0 SILK 3.0 VERT 3.5 Look at the float amounts. ALL the winning IPOs had floats BELOW 10 million. WATERHOUSE float is 3x that of PCLN. Even Goldman Sachs which is a much stronger underwriter than Waterhouse and which had a great track record of 50%+ gains for all its IPOs flopped miserably when they floated 25,000,000 shares of BNBN. I GUARANTEE YOU ALL... the WATERHOUSE IPO will fall of its own weight. There will not be any premium in this stock BEFORE the end of the required holding period. (It will likely break its IPO level, especially if the inets sell off again.) I speak from experience. I have accounts at WIT, Etrade, Schwab, etc. I am a very active IPO trader and IPO poster (check my profile 127.0.0.1:3456/SI/~wsapi/investor/personalprofile-7393401) and I'm still holding 400 BNBN. So I know what I'm talking about. CANCEL YOUR INDICATIONS BEFORE WATERHOUSE PRICES UNLESS YOU WANT TO LOSE SOME OF YOUR TRADING CAPITAL. IN THAT CASE, NO ONE CAN HELP YOU.