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

To: Harry K. Ahn who wrote (5280)	6/22/1999 7:22:00 PM
From: Jesus A. Castillo	Read Replies (2) \| Respond to of 16809

Read the article, it's pretty supportive. The amount of shares that get allocated to the retail market (like folks using Wit Capital to get IPO shares) is so small that it is generally irrelevant in terms of the share price and offering size. Read the article; it spells out a lot of positives for TWE, second to Schwab in size and profitability. Lower cost/valuation per account than eTrade. It's growing in accounts and assets. The reason that 10 million additional shares are being offered at the top of the range is because the institutional demand for the shares are there. Of 42 million shares, probably less than 5%, more like 1%-2%, will go to the retail side. That means that there had to be sufficient institutional demand for these shares to suck up the additional shares at the higher price. You and I -and our Wit Capital allocations- don't matter in the overall scheme of things. So, go for TWE? I say yes if you can spare the money; and if you can't you should probably think through whether you should really be playing this game anyway. TWE is not CAIS, NETO, STAD, FCST..., it is a quality offering backed by a premier tier investment banker. If I get the affirmation request email, I'll confirm.