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Technology Stocks : Sycamore Networks Inc-(SCMR) -- Ignore unavailable to you. Want to Upgrade?

To: Drake who wrote (636)	10/23/1999 5:36:00 AM
From: Walkingshadow	Read Replies (3) \| Respond to of 2249

Drake-- <<< This IPO thing has gotten "out of hand" and definitely needs further regulation, imo. >>> Although the MS sharks and the two new billionaires at SCMR may quibble, I for one couldn't agree with you more. <<< That said, I wish everyone well who owns SCMR. >>> Having bought SCMR today, I feel the distinct need for something a bit more than well wishes.....prayers would certainly not be inappropriate. Heck, I'd even go for spells, incantations, or voodoo at this point. Could be a wild ride next week..... Walkingshadow

To: Drake who wrote (636)	10/23/1999 8:41:00 AM
From: MMW	Respond to of 2249

Drake, Based on SCMR's first day trading, it seems the stock has been less long term institutional buying. Comparing it with JNPR first day trading, this one is much volatile reflecting a lots short term trading activities. I think it is safe to be in side line not getting involved. A year from now, we can judge more accurately if this is a long term holding. Best wish!

To: Drake who wrote (636)	10/23/1999 9:18:00 PM
From: coug	Read Replies (1) \| Respond to of 2249

Drake, <<company itself, thought it was worth $184, wouldn't they have done the initial offering at a higher price? >> I don't know if this has been offered yet because I don't read all the posts..But the reason IMO, that the insiders and underwriters price an offering way under the expected "trading price" is to have a "springboard effect" for a greater price in the after market.. It creates momentum.. If they priced this at 125.00.. not as much Momentum would have been created.. maybe a run to 180 and back 1/3 to my-god, the offering price, and maybe even break the syndicate bid.. So in the long run, not as much money is put in the company coffers, but the insiders, the venture capitalists, etc. wind up with a higher share price for when the lock up periods end. And for the the people who bid it up.. and are currently and maybe temporarily stuck with high price shares, it is unfortunate but this is a cut throat business.. Hopefully they will learn to place limits ..and make it back.. On aftermarket plays, I always have limits, If something gets away, so be it.. Another train will be coming in soon and maybe I can hop aboard.. Just my thoughts and good luck all .....coug