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

To: TIG who wrote (3815)	10/22/1999 8:59:00 PM
From: BarbaraT	Respond to of 5529

Tig ... I still like CLIC as well, just disappointed that so many of the "die hard" CLICers have sold. But I think long term we will be fine .. as long as the market holds up. I tried desperately to get the ipo but having missed it, sure paid a dear price for it in the after market.

To: TIG who wrote (3815)	10/22/1999 9:08:00 PM
From: edkaiser	Read Replies (1) \| Respond to of 5529

TIG ... please allow me to take a quote from you and use it slightly out-of-context to make a point. Not necessarily a point to you, but a point in general. >>"I am sitting on too much cash that I do not know where to put. All the companies I like are over 100, this market is insane."<< Even though the market is insane, and it's easy to get scared off by high valuations, it doesn't make sense to stay away from a stock just because it has a price over 100. I've made great money twice on EMLX buying it when it was over 100. I got a nice return buying VOD at over 200, and I think QCOM is a good buy at over 200 (and was even better when I bought it at a "high" 167). I don't say any of this to brag. I kick myself almost every day for not sticking with BVSN, and I sure wish I would have gotten into VIGN mid-week. And I don't even want to think about how overvalued I "knew" PHCM was at 120. My point is that even with a price over 100, the stocks that you/I/we like the best are frequently better buys than the lower priced stocks we're tempted to buy in their place.