Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Manly who wrote (6164)	7/3/1999 11:50:00 AM
From: Topannuity	Respond to of 16809

Subject: Alert-IPO! Daily News 07/02/99 Date: Fri, 2 Jul 1999 23:52:43 -0700 From: "Alert-IPO!" <reports@alert-ipo.com> IPO NEWS * SCIENTIFIC LEARNING CORP removed Wit Capital from underwriter list. [NASDAQ:SCIL]

To: Manly who wrote (6164)	7/3/1999 12:11:00 PM
From: Topannuity	Respond to of 16809

Interesting statistics: redherring.com Scorecard year-to-date Number IPOs priced (excluding units) 222 Number up 163 Number down 53 Number unch. 6 Percentage gain (loss) From issue price 74.4 From opening price 11.1 The gain across all IPOs this year is +75% !! Meaning, if you got shares in every issue you would be outperforming the S&P, NAZ, etc etc etc etc etc by a HUGE percent. BUT!! if you purchased IPOs at the opening on the first day of trading, you would be basically FLAT (+11%). This year our strategy of getting IPOs before the open is working very well. Hersh

To: Manly who wrote (6164)	7/3/1999 1:30:00 PM
From: eDollar.com	Respond to of 16809

Manny, You see I have 4 accounts. I generally IOI in all 4 accounts. This is biting my cash reserve when I get in all 4. I see the list where WIT is managing IPOs. But from suddently nowhere SCIl and INIT pop up. Now these were not budgeted for, and 400 of these. But I am not worried. I can sell some after 60 days. I will be getting rid of Goldman to pay for INIT and ADBL and may be one more (like ART). If wit used CASH Margin buy power as in eTr4ade, I would be golden. i can suck up 10 more IPOs. No problem. But I do not want to take chances, as u said if u carry a margin balance, wit kicks u out of hot ones.