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 : Mortgage.com, Inc- (Nasdaq: MDCM) -- Ignore unavailable to you. Want to Upgrade?

To: Mark The Trader who wrote (331)	9/8/1999 6:36:00 PM
From: Softechie	Read Replies (1) \| Respond to of 516

There are 3 underwriters. These 2 already gave the low and high targets. CREDIT SUISSE FIRST BOSTON ($22) U.S. BANCORP PIPER JAFFRAY ($28) Now we're waiting for this dude to give his target. I would say he's going to give $25 tomorrow. DEUTSCHE BANC ALEX. BROWN This should make Mortgage.com sitting closer to $20 than $15. But not all the news out yet from the company. We're waiting for them too. Quarterly earnings already out so we won't hear about that for another 3 months. Interest rate is another thing, but it won't get effect by that because most of its business is dealing with other lenders. EELN is very interest rate sensitive IMO. Anyway I'm buying low and selling high and will continue to milk this cow until I'm sick of milking the cow and want to start running with DSL install guys.

To: Mark The Trader who wrote (331)	9/9/1999 7:33:00 AM
From: Boquacious	Read Replies (1) \| Respond to of 516

Shorting an IPO is not illegal even though some will go blue in the face saying it is. It can be done. I typically takes three days after the IPO for the brokers to get the shares. If you doubt me--call any broker who uses Pershing as a clearing house. By SUSAN PULLIAM Staff Reporter of THE WALL STREET JOURNAL "To be sure, a short sale on an IPO doesn't necessarily run afoul of regulatory rules. Investors are allowed, for instance, to short IPOs if the broker is able to locate shares to lend through the firm's clearing agent. In many cases, Wall Street firms make shares of a newly minted IPO available for shorting to smaller brokerage houses by buying the shares in the open market and making them available for borrowing to customers in short sales."