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

To: Robert who wrote (484)6/24/1999 3:57:00 PM
From: Stormweaver  Respond to of 1413
 
Your right. It's not likely for a bank to leave any money on the table. They knew people were hot for this IPO so they dropped the bomb the night before of an extra 10 million shares and a price at the high end of expectations; 35.28 (CAD).

Also 90% of the company is in the hands of a Canadian bank ; the most conservative organization on the planet. It's questionable if they can really grow this into an operation comparable in size ot Schwab.


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