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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: SMALL FRY who wrote (46634)6/28/1999 10:15:00 AM
From: pooh  Read Replies (1) | Respond to of 120523
 
WITC - I bet this has something to do with the advertising tactic from CMGI. There would be at least 100K small investors signing up for the possibility of getting CMGI's IPO with 2K/each. That's about $200x10^6 CASH boost, not to mention that there would be more IPOs that would require couple more 2K in the future. Beside, most traders would deposit more than 2K in order to do any meaningful trading, not just for CMGI. 10K for example? That's $1 billion CASH boost.

The management do have WITs to come up the deal with CMGI. I wouldn't mind betting on them.