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

To: Shadowed who wrote (5695)	6/27/1999 1:42:00 PM
From: ChopChop99	Respond to of 16809

Where will she be in 60 days? That's my question... I'm holding several IPOs that I like long term, but my funds are getting to the point that I need a few that I'm likely to be able to turn over in 60 days for a nice profit and move on.

To: Shadowed who wrote (5695)	6/27/1999 3:00:00 PM
From: Richard N. Barg	Read Replies (1) \| Respond to of 16809

Re: Wit Stock Runup Hot IPOs Boost Profile Of Online-Underwriter Wit Capital JUN 25,1999 NEW YORK -(Dow Jones)- Shares of online-investment bank Wit Capital Corp. jumped Friday as some of its stellar Internet initial public offerings caught the attention of investors. Wit Capital (WITC) gained $3.063, or nearly 20%, to close at $18.563 in trading on the Nasdaq Stock Market. Wit's stock has now more than doubled since its own IPO earlier this month. New York-based Wit Capital, which distributes IPOs to individuals online, participated in several IPOs which began trading this week, including networking-equipment maker Juniper Networks Inc. (JNPR), which opened at $105 and settled at $98.875 Friday, up sharply from its $34 opening price. On Thursday, e-commerce software provider Ariba Inc. (ARBA) closed at $73, more than triple its $23 pricing. Those issues have "brought a little confidence" into Wit Capital's business, Menlow said. "The surge in the (Internet) market in the last three days changes the market psychology for those people who felt that Internet stocks were a dangerous platform," he noted. Wit also participated two other IPOs which began trading Friday, Stamps.com Inc. (STMP) and US Search.com Inc. (SRCH), though those issues got a less rousing reception. Wit Capital - the "grandfather of the Internet offering process" - is benefitting from the excitement in the market, Menlow added.