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

To: nick stalin who wrote (2310)	10/6/1999 9:22:00 AM
From: nick stalin	Read Replies (1) \| Respond to of 5529

ITXC is looking good this morning. Watch for a run to $35 at open. Maybe even higher.

To: nick stalin who wrote (2310)	10/6/1999 8:09:00 PM
From: Kimberly Lee	Read Replies (2) \| Respond to of 5529

Nick, I planned to add in the open market of my BWAY position and set a limit order of 21 1/2 accordingly. However, when I saw 66 x 66 preopen on L2 and L3, I couldn't called up my acct exec fast enough to dump all my IPO shares at market open. Tried to ask her to find shares to short, but mms are hoarding them. can't really blame them. That was really insane. BWAY is a decent company, but it's not much better than INIT. I suspect many retails out there can't tell the difference of a market order from a limit order but nonetheless want to play the IPO game. A very expensive lesson for those who bought at the open today. The only IPO I played today was DSLN. (I did scalped a pt or 2 in SMDK and SIMG; still holding 1/2 of the IPO shares in both). The news of alliance with and investment from MSFT apparently went unnoticed yet. news.cnet.com quote.bloomberg.com