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Technology Stocks : Secondary, Follow-On, Combination Offerings (Secondaries) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Caputo who wrote (7)	1/15/2000 2:59:00 PM
From: Topannuity	Read Replies (1) \| Respond to of 20

There is a secondary thread: Subject-31075

To: Jim Caputo who wrote (7)	1/16/2000 11:02:00 AM
From: Topannuity	Read Replies (1) \| Respond to of 20

Jim- I've got a Discover (msdw online) and 2 broker-based MSDW accounts (3 MSDW in total). The brokers call me to participate in new MSDW mutual funds and/or secondaries that MSDW is underwriting IN EXCHANGE FOR allocations to MSDW ipos. I dont know about secondaries though at Discover... would taking a secondary improve your chances of getting the next IPO?? If MSDW stated so in writing at the site, I'd be the first to jump onboard. This needs to more research. Re: whether secondaries give you are sufficient "pop" or not-- I don't think there is a pattern. Some issues do, some don't. Hersh Jim wrote: MSDW is offering secondaries to its online customers. I have searched the web but cannot find an explanation of the benefits of buying a secondary. Since you get no immediate price break, why not buy the stock on the open market?