Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (69168)	7/23/1999 12:59:00 PM
From: Paul Merriwether	Respond to of 164684

Eric Very good points. Addiction, fear, greed, envy, VC games(so dang true about the IPO BS that goes on). I freely admit that I am biased by the past trading patterns of the internets(read: soured shorts). I have not been able to hold down any i-nuts long or short--always good for a few points. To hold a stock longterm I need to have faith in the company's franchise--msft, intc, csco etc. or sebl, gmst etc. for their growth potentials. My internet shorts have more often than not resulted in a 10% stop loss trigger(and I hate to think what might have been if I had not mechanically applied stop losses). I like your analogy of "more trains" and "crowded trains". At some point someone will realize that all speculative $ is already busy speculating, that there si new ipo's everyday and then the pyramid may crumble. Maybe. Thanks for a well thought out opinion. best -p

To: Eric Wells who wrote (69168)	7/24/1999 1:52:00 AM
From: Jeff Dryer	Respond to of 164684

3. Irresponsible promotion of IPOs by investment banks and VC firms: VCs and investment banks feed off the public sentiment from items 1 and 2 above and reap millions (if not billions) from bringing more and more companies public. I often find it perplexing when an IPO should be priced at say $15 and open at $50. This is a sure win for the VC or investment bank holding the stock. But when such price disparities occur the day of an IPO, I ask myself "Do the investment banks have outdated pricing models that they should be so far off? How can this continue to happen over and over and over again?" And the darker side of me thinks that there is some sort of a game going on - a game that takes advantage of public euphoria to the tremendous advantage (and profit) of insiders, VCs and investment banks. Bingo! Lots of day-after flipping by favored clients going on.