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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: LadyNada who wrote (80064)	6/21/1999 2:32:00 PM
From: changedmyname	Read Replies (2) \| Respond to of 119973

STRM, don't look now, but we are 1/4 off the highs of the day from this morning. Don't miss a late day runner... check out what BRCD did in it's final 1/2 hour last Friday! Jason

To: LadyNada who wrote (80064)	6/21/1999 2:35:00 PM
From: Ed Swanson	Respond to of 119973

WITC news attached....long story so I only show WITC. Online IPO Opportunities Are Promising but Far From Perfect By John Rubino Special to TheStreet.com The market for initial public offerings is tricky. On the surface, it looks both transparent and democratic, with deal dates and offering prices announced in advance, and the performance of new issues widely covered by the financial media. But try to actually buy into a hot IPO at the offering price and you'll find that the democratic facade is an illusion. The StarMedias (Nasdaq:STRM - news) and drkoop.coms (Nasdaq:KOOP - news) are reserved for the big investment banks' A-list clients, who get to make quick, easy killings by flipping these stocks when they gap up on their first day of life. You and I, if we want in, have to pay the post-gap price. It's frustrating, sure. But it's also a business opportunity for whoever can get us a piece of this action. And in the past few months, a handful of investment banks and brokerage houses have started doing just that by offering IPOs online to their clients. The response has been somewhere between enthusiastic and overwhelming, which implies that yet another wall separating individual from pro is about to crumble. Let's keep it in perspective, though. These first-generation services are promising, but a long, long way from perfect. Each firm, for instance, can sell only those deals in which it participates. So even if you open an account with all of them, you'll still have access to only a tiny fraction of the best IPOs. Meanwhile, a limited number of shares are available for each deal, so the majority of account holders still don't get in at the offer price. And last but not least, the deals they've brought to market haven't exactly been supernovas. But hey, it's early in the game, and a little access is better than none at all. Here's a quick look at four online IPO services: Wit Capital Originally a microbrewery and named after a Belgian beer, Wit Capital (Nasdaq:WITC - news) is staffed by Wall Street heavyweights. It is partially owned by Goldman Sachs (NYSE:GS - news) , and it's off to a promising, high-profile start. Right now, it's offering clients a shot at six IPOs. Wit allocates shares on a first-come, first-served basis, so paying attention and submitting a bid at just the right time are crucial. It requires $2,000 to set up an account and charges $14.95 per trade. But flippers beware: If you sell your shares too soon, you lose future IPO privileges.