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To: Tradegod who wrote (73230)	8/11/1999 2:12:00 PM
From: GST	Respond to of 164684

The rally looks intense.

To: Tradegod who wrote (73230)	8/11/1999 2:27:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Well I bailed on EBAY at 88, The Bond is scaring me, << Tg, I don't get a chance to check as often as I did, but I gota tell this has become a day traders thread. In out! In out, and shake it all about. Is William the only buy and hold guy left? @ Least I try to hold this I-nets long or short for over 1 week, other than the new IPO's that I spin. Here's another one 2k shares from H&Q @ 14(another slut). 1k gone already. >> NEW YORK, Aug 11 (Reuters) - The shares of Red Hat Software Inc. <RHAT.O> more than tripled after its initial public offering Wednesday, shaking off any doubts created by the recent sell-off in technology stocks. The biggest distributor of the Linux operating system, a free version of UNIX that hopes to challenge Microsoft Corp.'s system, raised $84 million though the offering of 6 million shares after pricing its IPO at the top of an upwardly revised price range. It was 33-3/8 higher at 47-7/16 in afternoon trading on the Nasdaq. But Red Hat's gains did not change the broad picture for the IPO market, which has deteriorated as U.S. stocks waver amid fears of a further increase in interest rates. "This has zero to do with the IPO market. It reinforces that when the broad Internet market settles down to better valuations, investors will be there for the right stocks at the right prices," said David Menlow of IPO Financial Network in Millrun, N.J. While most companies are postponing their IPOs or cutting the size and terms of the deals as market volatility curbs the appetite for IPOs, Red Hat raised its expected range to $12 to $14 from to $10 to $12 prior to the pricing. Goldman Sachs was the lead underwriter on the deal. The Durham, N.C.-based company sells packaged versions of Red Hat Linux on CD-ROM discs and provides service and support for Linux users. Its investors include technology giants Intel Corp.<INTC.O> and IBM Corp. <IBM.N>. 13:52 08-11-99<<