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To: Smart Investor who wrote (930)10/8/1999 1:27:00 PM
From: Joe S Pack  Read Replies (1) | Respond to of 1390
 
Smart Inv.
That is how this business is run. What can we do?
Nothing.
But if they start doing IPOs online it may start eroding their profit.
The funny thing about these houses is that they will
underwrite an IPO and after the quite period they will come and promote it shamelessly (like strong buy).

-Nat