To: tpboxster who wrote (4000 ) 5/4/2000 9:48:00 PM From: TIG Respond to
tpboxster,Message 13521942 sustained stardom and upward price movement, you put your own money at risk, unless your get in on the ground floor by getting shares from Goldman Sucks or from its syndicate underwriting managers. I have invested in numerous IPOs, and it is not for everyone because of the insane volatility involved. Especially after the major market correction two weeks ago, it is a good thing to reign in one's euthusiasm and value a company on a more sound basis than simply by rosy projections. Another darkside of any new IPO is the artificial demand/supply ratio they(UWs, companies) created by issuing a very small percentage of the total outstanding shares as share float to easily push the price upward to enrich themselves. But it can cut both ways, a thin float stock can drop sharply and run havoc to one's portfolio. Make sure you understand who is potentially holding the bag, not the insiders and VCs who got the share at $.15, but you, the public.
