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

To: ChopChop99 who wrote (5751)	6/28/1999 5:05:00 PM
From: George Gotch	Read Replies (1) \| Respond to of 16809

Exactly....you think everyone is going to get it and it will soar? It soars cause there are people at the end that buy it and trade it. Th If many get it cheap then why should they buy it in the aftermarket? What I am saying is that if the shareholders are entitled then it should not be brokerage house specific. Also, what is the incentive for underwriters to include wit when all the people due is flip the issue? That game doesn't work that way. What you probably will see is some sucessful issues mixed with pure tuna that people will buy thinking they all soar. This is what bothers me. They do this at big firms all the time. You have to participate in the spectrum of deals in order to get a nice piece of the hot ones. Think about it.