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Non-Tech : E*Trade IPO Offerings - Fact or Fantasy? -- Ignore unavailable to you. Want to Upgrade?

To: Richard M. Jimmink who wrote (4)	9/23/1999 10:37:00 AM
From: John Lacelle	Respond to of 5

Richard, Mad, et al, One must realise that these hot IPOs are hot because the amount of stock available is limited. Most of the stock created is held by the insiders (who usually dump fat piles after the price has gone up). You think you had trouble with RHAT? Consider MP3. Most of that stock was distributed to musicians and producers and stuff. Sort of like "payola" for those who support the format. Anyway, I know of someone who actually got 100 shares of RHAT from Etrade even though he was just a modest player (account worth about $4,000). He got lucky. Don't blame Etrade. Its just the nature of this bubble market. Of course, there are plenty of ".com" IPOs comming. You can heap all the manure that these marginal companies have to offer. I'll bet you that 70% of these .coms will be out of business in five years or less. -John