To: LOGAN12 who wrote (12012 ) 7/20/1999 11:30:00 PM From: Dave Dickerson Read Replies (1) | Respond to of 19700
Real Time Quote Chart Free E-Mail Raging CMGIOT Links < Previous Respond Next > By: doubled Reply To: 29667 by markpeery Tuesday, 20 Jul 1999 at 4:37 PM EDT Post # of 29760 Mark- good to know that someone on board listens. I did not deal with Wit, because of poor execution and only limited 100 shares and limited net returns. I spent all day at my brokers,learned a great deal about IPO's,bought 1000 shares of ENGA 30 seconds after it opened for $30 per share at a total commission cost of $10.75 and so far I'm up about $14,000 on a day that Naz is down a record 98 points or so. Looking at the one day chart and the progression of buy orders and looking for a recovery in Naz in near future (the net story is a heck of a lot broader than a poor outlook for Mfst,Lu,or IBM), I will watch Enga very closely (not planning on flipping it tomorrow) with a target at a bare minimum of a double ($60 or net $30,000 for my position. I'm also considering a longer term hold if I feel that Enga is responding like Doubleclick,E-bay etc. with a 6-8 months goal of $80-$140( a 3 or 4.5x bagger) I'm too independent to put up with BS and poor procedures, but can recognize a good deal when I see one and can figure out how best to efficiently use my DD time to max. out my returns over time. I can provide more details ,if there is real interest. I telegraphed my moves on this board and spent all day at the brokerage house ( got a free lunch). Part of the reason I went to this trouble is that CMGI will bring out a number of good IPO's,and I'd like a clue on how best to play them. I learned how they are priced,when,at what times,trading ranges,etc. Good Hunting Dave Dickerson