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Technology Stocks : Buying IPOs on the open market -- Ignore unavailable to you. Want to Upgrade?


To: Ken Whiteside who wrote (356)8/19/1999 10:17:00 PM
From: $Mogul  Respond to of 5529
 
Ken...not too sure on the demand thing...more of an ego thing if you ask me from MSDW.....A friend told me that some funds did not want to pay more than $19 sooo....



To: Ken Whiteside who wrote (356)8/19/1999 10:20:00 PM
From: sjemmeri  Read Replies (2) | Respond to of 5529
 
Problem is agile with its price of 21 will probably open
near 40 and leave no good daytrading opportunity.



To: Ken Whiteside who wrote (356)8/20/1999 9:03:00 AM
From: PartyTime  Respond to of 5529
 
>>>P.S. Maybe I'm off here but does it seem IPO's that don't hit Wit or Etrade have a better chance without all the little flippers.<<<

If a pattern can be determined here, perhaps we should have a Monday list that indicates which IPOs are likely to be devoid of flippers. Without flippers who got in at the underwriter's price that means the first wave of selling pressure will come from those who got in close to the opening bid. If it is true that IPOs without E-Trade and Wit participants do better, knowing this could prove helpful.

Personally, I'm too much of a scatter-brain to track this and, also, I don't have a Wit or E-trade account. Perhaps someone who has both a Wit and E-trade account could alert us to this information if it's determined that your theory holds true.

So let's keep an eye toward that trend. Great observation, Ken!