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Technology Stocks : TouchStone S/W (TSSW) -- Ignore unavailable to you. Want to Upgrade?

To: robbie_nw who wrote (3213)	3/27/2000 1:29:00 AM
From: jonj1	Respond to of 3627

Many of the IPO's that experience huge decline 6 months after offering are the ones that double or triple in value on debut day. Not saying that PRTS and EBLD are immune to decline, but probably wont experience the huge loss in value you mention. Why shouldnt TCG trade at a multiple to NAV? They cant be valued like a mutual fund since they getting in at levels a fund cant touch. Furthermore, companies like TCG can act upon future opportunities that once again are not available to fund managers. Lets not forget that CEO's like Narath are far more savvy than a fund manager concerning internet and tech related business. IMO TSG can combine the above advantages at LOWER risk since their basis is much lower. Narat will also be providing management services to help insure the success of his investment. Do fund managers possess this ability?" TouchStone Capital Group is dedicated to the task of nurturing new business entities through the early stages of development. By providing management guidance, promoting financing, and lending necessary business support such as legal counsel, accounting assistance, and marketing advice, TouchStone Capital Group can greatly enhance the survival odds for a new business and lead the way to rapid growth"

To: robbie_nw who wrote (3213)	3/27/2000 7:28:00 AM
From: David Alan Cook	Read Replies (1) \| Respond to of 3627

ahhtto2, TSSW is investing in these IPO at 25% or less of the IPO price. I consider this a very favorable risk / reward relationship. IE TSSW is in on PRTS at $2.50 versus the $13 IPO Price. Is this a better rate of return than cash? IE TSSW is in on SupplyAccess.com at $1.50 versus the estimated IPO Price of $20. I agree that there is risk in investing in IPO BUT when you are investing at 25% of the IPO Or less, you are receiving a huge premium that no one else will get that buys stocks with the same risk after they conduct an IPO. Would you invest in an IPO at 25% of the IPO price or would you argue that it is better to have your CASH? DC