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

To: hookbull who wrote (5616)	6/25/1999 1:57:00 PM
From: TIG	Respond to of 16809

Hookbull, I guess WITC has something in the making considering the gain among heavy volume during the past four sessions. I guess WITC can sustain its upward trend if the following happens: 1. Account growth faster than the other online brokerage. I might be wrong but I have a strong sense this is happening (Always take my instinct with utmost caution:-) This may be fanned by increased awareness of online investors and general public of Wit's IPOs. 2. Wit needs to transform it's business model into it's core strength in investment banking. Otherwise, what's the difference between Wit and Datek, Siebert etc. With increased prowess in underwriting deals and secure bigger allocation for its membership, Wit should be able to get into the lead underwriter someday in the near future. So more deals---more revenue-->more influence-->more attraction to investors. It's a good circle. but I would dump all my WITC if I ever see it get into Greenmountain type of deal:-) 3. Wit needs to put much more resources into its IT infrastructure. Redudancy servers, networks, fast and accurate trades, realtime update etc, like Datek does. Witc should realize this is one unexplored goldmine as trading commissions have a big impact right now on their bottomline becuase the last thing you want is just let members receiving IPO allocations. I do not believe that people saying Witc will never be a good trading place, rather, I think the technology is there, all Wit needs is the willingness and urgency to improve in this area. If Wit improve, people will come, as simple as that. 4. Wit did get GS deals a lot. But I guess there is also some sort of "love-hate" relationship because certain people inside triditional IBs regards Wit might be a threat. Well, internet is about efficiency, and Wit is actually a blessing in disguise. Few years later, the balance will be tipped toward Wit beause the wider acceptance of the net as the main communication and business media among general public, and more importantly, among american corporate. Wallstreet like the sign "show me the money", Wit needs to get their house in order and really do what they ought to do to become a heavyweight. Until them, Andy Klein and Bob Lessin have a lot of mentoring to do. I am ready to hit the beach now, so my thought might be incoherent. At least let it serve as a starting point. Have a nice weekend everyone. Tig