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


To: 2MAR$ who wrote (4732)11/19/1999 6:57:00 AM
From: rowrowrow  Read Replies (1) | Respond to of 5529
 
CFLO

Been waiting for this one. Is the strategy to pick it up at the open or watch for an entry on a dip? Will there be a dip? FNSR opened at 95, but you could have gotten in a little later at 80. Anyone have an opinion? TIA!

Carolyn



To: 2MAR$ who wrote (4732)11/19/1999 9:34:00 AM
From: Madharry  Read Replies (1) | Respond to of 5529
 
I have owned this since the 4 range. The company had been under a cloud because of an accounting issue and a dispute with their former accountants. This is what had tanked the stock, and why I refused to take a large position at a lower price. Once the company hired new accountants and they prepare and audited statement that cloud was removed. Oddly enough this stock was suggested as a long in the 6s by a short seller- Bill Wexler with whom I have had strong disagreements with in the past.