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

To: James F. Hopkins who wrote (519)	6/29/1999 1:11:00 AM
From: pass pass	Read Replies (2) \| Respond to of 1413

I wonder who's selling TWE now since it's hardly ever above its IPO price significantly enough to make any profit.

To: James F. Hopkins who wrote (519)	6/29/1999 8:51:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 1413

Hi JF, <somewhat OT> In '93 there was an IPO surge that took the number of issues on the NASDAQ from 4000 to 5000 in a 12 month period. The market went flat for 18 months afterwards as these stocks were absorbed and consolidated. I have measured this very statistic since '82 and any time there's a net positive increase in the number of issues on the NYSE and NASDAQ of greater than 2% over a 13 week period it's bearish for the market. For more than a year, there's been a small net reduction in the total number of issues available. The recent IPOs are not quite balancing the merger/acquisition activity. This has been long term bullish since 1982. Take a look at the graph named ZEAL (forth one down) at: execpc.com to see the spike in '93. Best regards, Tom