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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: John Ottman who wrote (10280)	8/2/1999 2:15:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

John. . .no problem.. . for 25 days after an IPO goes to market, brokerage house analysts are not allowed to upgrade or downgrade the stock. . . this gives the new issue a period where the price can settle. Then, when the upgrades or downgrades come out, the stock starts generally in that direction. . . .so there is some play going on . . in the guessing of direction just before the quiet period ends. . .which is generally up, since IPOs are like rookie ball players. If they get a hit their first time at bat, they are batting a thousand. Rande Is