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

To: bh who wrote (6624)	7/9/1999 3:15:00 PM
From: KRosenfeld	Read Replies (3) \| Respond to of 16809

For what it is worth: Looks like WIT may have gotten 60,000 shares. Enough for 600 accounts. Based on confirmation numbers, it appears that over 8,000 accounts requested shares in Engage last night. If we extrapolate and say that (for argument's sake), only 75% of Engage's accounts responded for LQID, then we have 6,000 accounts attempting to get 60,000 shares or 100 shares. Or simply put... one account out of every 10 gets an allocation. I am not sure where this exercise leads, but odds are obviously not good for any of the IPOs.