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Technology Stocks : Akamai (AKAM) -- Ignore unavailable to you. Want to Upgrade?


To: eatpickles who wrote (101)10/25/1999 2:28:00 PM
From: $Mogul  Read Replies (1) | Respond to of 695
 
Friday, Pickles...hey are you dilled..?



To: eatpickles who wrote (101)10/25/1999 5:10:00 PM
From: Bald Man from Mars  Read Replies (1) | Respond to of 695
 
dude, you don't just reload-reload-reload
you need to do it like the mongul, reload-shoot-reload-shoot-reload-shoot ...



To: eatpickles who wrote (101)10/26/1999 9:26:00 AM
From: Rupert  Read Replies (3) | Respond to of 695
 
eatpickles - The Hoover's site IPO site (IPOCentral.com) has a list of the week's IPOs which they update in the evening with which IPOs have priced (which usually means they will start trading the next morning).

ipocentral.com

You can also use that site to get financial info about IPO companies and find out things such as AKAM's practically non-existent revenue during its short time as a private company.

I think that placing a market order for a shamelessly, greedily hyped IPO like AKAM or SCMR on the first day of trading, especially in the morning when the shares are released, is the financial equivalent of a black hole. Please see the movie "Event Horizon" before you invest as part of your DD.

People who threw $250 a share at SCMR last week could have bought it for under $180 yesterday in a much more orderly fashion. And anyone with any sense will still regard that as a massive premium to pay. I like growth companies, but I don't like paying for their IPOs what I expect the stock price to be in 3 years.

I prefer to play IPOs by a) finding great companies that already dominate their sector, have proven revenue growth and that are not being hyped across America like snake oil, b) leave 'em alone on the first day and see what they do for the next few days, c) buy if they dip otherwise look for something else. d) hold 'em tight. Software.com (SWCM) was a perfect example of such an IPO but in that case I bought it too early (first day) and sold it too early (with a misguided stop loss order at $49).