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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?


To: Deeber who wrote (4005)3/25/2000 6:39:00 PM
From: Captain James T. Kirk  Read Replies (2) | Respond to of 10270
 
I'm moving alright, to WIT. Any comments, experiences? Etrade wants to give me back my money, then I will spread it around.



To: Deeber who wrote (4005)3/26/2000 7:39:00 PM
From: DebtBomb  Respond to of 10270
 
Deeber is right, the IPO's now have little pop. The market is saturated with new issues, and the market is damaged by greenspam's higher rates. People are being more cautious with speculative stocks. It happened last year. At one point last year, you couldn't hardly give IPO's away. ICGE and FFIV had practically no pop last summer when they opened. IPO pops will come back, but for now, they don't look good. Only the very best new issues will have that nice pop now. IMO, be very selective or you will be holding the bag. There's some broken IPO's trading out there now like VG and EEEE. And people have witnessed the rise and fall of the LNUX issue and others. The quality of the IPO's has also declined somewhat. The IPO's cannot just keep coming out the door with huge demand for them. Nothing goes to the moon, not the Dow, not the Nasdaq, not IPO's, it isn't going to happen. People are now thinking, why even mess much with IPO's, when there's cheap stock out there already trading. Last week you could have bought SVNX at 130, AVNX at 130, TSTN at 113, CFLO at 88, WEBM at 168, ENGA at 96. And, the Nasdaq frenzy buyers are searching for the next hot thing or sector, like B2C, B2B, biotechs, and wireless was. Until another sector gets hot, I don't see much upside in new issues.
All in my opinion.