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Technology Stocks : DRKOOP.Com,Inc - (Nasdaq - KOOP) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (499)	8/6/1999 9:58:00 AM
From: PartyTime	Read Replies (1) \| Respond to of 595

KOOP was my first open market IPO play ever. I learned and gained tremendously from the experience. Now my strategy is to buy as close as possible to the opening IPO bid and sell 50 percent of my holdings at 5-10 points above the price the underwriting investors got; 30 percent of my holdings at 5-10 points above the price the opening bid investors got; leaving 20 percent in the stock come what may. If I happen to get in a dog, then I place a limit of losing 1 1/2 to two points only. This way, unless I picked dog after dog (which I doubt I'll do), I'm always locked into profits, building small holdings of shares in good companies and always having money leftover for the next IPO. It seems to work. Since KOOP, I've been 80% successful even in this down IPO market. So now any long position I hold is only with 20 to 30 shares which I keep in stocks which I deem have a future. But who cares what happens to these leftover shares, they're pretty much free shares to ride on.