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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert J who wrote (40171)	2/13/2000 1:12:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

The street get's paid on the commission & spread. They don't care where you buy or sell. No, the street's primary business is offing paper to bagholders. I've never done a study of this but if you look at all IPO's and determine how many of the initial investments panned out for folks, it would tell a sad tale. Meanwhile the investment bankers and insiders get their cut regardless. The little guy sometimes win, but the inside money always does. Huge IPO run ups and drawdowns I am tempted to consider just another part of the process of picking bagholders pockets...