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


To: KENNETH DOAN who wrote (301)10/29/1999 4:17:00 PM
From: Smart Investor  Read Replies (1) | Respond to of 695
 
Not bad. It is just not worth it to buy IPOs such as SCMR and AKAM. They are at such a high valuation already, buyers in the open market will most likely lose. The only purpose for the underwriters to open them at such insane prices is to enrich themselves and their clients who got in at the IPO prices. They will most certainly try to keep them floating for a few months so they can dump their IPO shares for a huge profit, then they will let the stocks to tank. These bastard!