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Technology Stocks : 25-Day "Buy" Recommendation Pops -- Ignore unavailable to you. Want to Upgrade?


To: Mr_Mojo_Risin who wrote (57)7/16/1999 3:00:00 PM
From: Ken Whiteside  Respond to of 155
 
The market is on to this game. Any reasonably priced IPO is heavy suspect to this kind buying prior to 25 day wait. I read an interesting article on how the IPO strategy has changed from day 1 pop and flip to hold for the steady rise. I'll try to find it. Wit was mentioned as a driving force. If so, Wit is pretty smart to help create a market that fits their 60 day strategy. I used to hate holding IPO's I got from Wit because the first day was the best, then selloff. Now, 30 days is a good bet. Even the losers look better in 30 days. Man, I took a bath on CAIS, sold around 13. It recently made it to 22. This was even mentioned in the article as the dog that actually barked. That always feels good when an article makes light of your biggest flounders! Arghhh!