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Technology Stocks : NetZero Inc-(NZRO) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (182)10/10/1999 11:10:00 AM
From: PartyTime  Respond to of 513
 
Glenn--Clarification:

If you read the entirety of my posting on NZRO and LIOX, and other IPOs as well, you'll note it's my trading strategy to take profits and if I like the stock, leave shares behind for the ride.

And that's precisely what I've done with LIOX. With LIOX, I now only hold one-third of my original position, averaged at 14. Ideally, I like to double my money, take my original money back and leave the rest behind, come what may.

With NetZero, I'm in at 28. Unless new subscription numbers get released in concert with analyst recommendations causing NZRO to rise sharply, most likely I won't be able to double my money near-term with NZRO. So, to be clear here, I'll likely shave some profits near the 38 mark, and--like I did with LIOX--also maintain a long position.

I also own smaller cap stocks. It's my intention to gain near-term profits from both NZRO and LIOX and thereby shave those profits and then sell one or two of my smaller caps. Together that money will rejuventate my IPO buying fund, while simultaneously still holding NZRO and LIOX positions. It's at that point you'll see me posting once again on SI's open market IPO thread. That's what my message was meant to convey.



To: Glenn Petersen who wrote (182)10/11/1999 11:06:00 AM
From: Brasco One  Respond to of 513
 
<!>NZRO may make a run in anticipation of the end of the quiet period<!>

you are absolutely correct. I have covered shares and I'm waiting for the 26 day quiet period end. Wait till those greedy goldman put a fake price target on it and then short this pos. However, we must be aware that this pos won't jump to high, only because goldman got greedy and put a 10 million float pos stock in the market.

great luck.