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

To: eDollar.com who wrote (6183)	7/3/1999 3:11:00 PM
From: eDollar.com	Read Replies (1) \| Respond to of 16809

What surprises me is INIT is touted to be so hot but did not have a price bump? Digital Island had a price cut , priced at 10, open below IOP, trade at 8 and change and within 2 days doubled in price. I was reading that price bumps come if the amount becomes oversubscribed and lot of mutual funds sign to get it. I dont know why funds are not so agressive. Am I missing something or those fund managers are missing something (which wont surprise me as most of them underperform S&P. Some even buy a company at 90 bucks when the shares are only 25$ maximum).