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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: kenx35 who wrote (1232)	12/7/1999 2:52:00 AM
From: Dan Glover	Respond to of 2437

Underwriters Cash Cow - The IPO Game Let the games begin. They know what they have, and they are betting on it big time,but they want to make a few bucks along the way. The best way to do this is to devalue the issue, and play the 1/4 point gains and shorts each day. When your transacting, ie: 50k, 1/4 point is a nice profit ( $12,500 per transaction ). Once the real profit potential is realized, they have made a tiddy sum, plus they still have upside with the shares they are holding. I don't mind trading my shares over and over, while they milk this one. In fact, if I knew this stock would always have daily 1/4 spreads, I could move to the Bahamas right now, wouldn't you ? They want to also. That's why they play the game, and they are the umpires, and make all the rules. We are just along for the ride. Money talks, and you know what walks. For now, I will play it their way and trade in tandum. ( If you can't fight 'em, join 'em. right ? ) One day CHTR will become a powerhouse. Until then, I will make a few bucks, trading half my position on the daily 1/4 point moves. Dan #103