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

To: cgraham who wrote (76)	7/17/1999 5:47:00 PM
From: speedbot	Read Replies (2) \| Respond to of 155

The ipo formula is the hot investing fad of late, although certain elements really make zero sense to me. Considering the conflict of interest, underwriters initiating positive coverage post quiet time should hold little value, while lack of coverage or an unfavorable rating deserves greater influence. Lack of shortable shares during the quiet period is the only real advantage IMO. Paradise Valley Securities, Inc. is the only underwriter for PASA & lacks ipo history/experience. PASA assumes underdog status going up against the likes of STRM, AOL & MSFT. Most alarming is the fact that they have no revenue. The false Ricky Martin rumor was the only notable item to cause a surge. PASA may see a run up next week but if it does I will eagerly be waiting to take my short position. All JMHO. Happy trading. s

To: cgraham who wrote (76)	7/17/1999 9:54:00 PM
From: Ken Whiteside	Read Replies (2) \| Respond to of 155

Be careful with stocks like PASA that have already had a big run. They might not have much gas left. I've already mad money shorting PASA. Just don't get in at the high for the day. Never chase them. You get in at 26 and the short will take you money and cause you stress. Always look at the historical highs and lows to get comfortable with it's trading pattern. You might see PASA rise to 27 but I'll bet you see it drop below 23 too. Ken . . .