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

To: ChopChop99 who wrote (1647)	9/26/1999 10:03:00 PM
From: Ken Whiteside	Read Replies (1) \| Respond to of 5529

The word on the street is next week will be bloody red while investors take wait and see position for greeny to raise interest rates. Last week was great, but I'm thinking things will get a little more sticky this week and next. Cybergold was the first, and should be used as red flag. There are going to be some IPO's beaten up. Momo will go away quick and IPO's will near offering price. Underwriters are trying to inch their way to greediness. Prices are working back to 20's. I remember getting Flycast at $25, ouch!. Foundry, which should be the hottest next week is looking to price around $28 and open around $60-$70. I'm getting a bad gut on that one. We might want to start considering capital preservation and look for the time to get in. Remember when NTOP was on the open market for $15. I'm thinking will see this again over the next two weeks. Your thoughts please. 1. I'm paranoid, or at least timing is too early. 2. IPO Market still positive next two weeks, pay market price and take all you can get. 3. Get picky and wait for selloffs to bring prices down near IPO price.