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


To: Topannuity who wrote (6060)7/2/1999 12:34:00 PM
From: lifeisgood  Respond to of 16809
 
Is there something we're missing here about these new IPOs?

If you were insane, you would know.



To: Topannuity who wrote (6060)7/2/1999 12:38:00 PM
From: eDollar.com  Read Replies (2) | Respond to of 16809
 
Top, I did a very thorough analysis on why the IPOs that came in March are not doing well. It is all because of pricing.
(1)Feb: HLTH 8 , VERT 15 PRGY :16
(2)IPO market blossoms , and underwriters get greedy
(3)March: ONEM 22, ABTL 23 FCST 25 CDOT 15(a big joke) MPTH 18 TURF 22
Under normal condition, ONEM should be 11, ABTH 11, CDOT 6, MPTH 12, TURF 9, FCSt 12, CAIS 8
(4) June - fear grips underwriters. Price Mail at 7, SRCH at 9, STMP 11, BWEB 12. They became conservative and cautious. This was proven when Solomon saw how Juno at 13 broke syndicate bid. I thought if JUNO was 13 MAIL should be atleas 18. But at 7 it was nothing but panic on part of underwriters.

So investors gained on June IPOs