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

To: 4 - Bob who wrote (7024)	8/13/2000 6:49:31 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 10270

4-Bob; IPO;s are get in get out..Brokers talk up the long term bullseet. I just looked at 24 IPO'ds that came off lock up, 23 of the 24 were below their IPO price.. and I wasn't looking or screening for the low ones just what was coming out of lock up, and over 60% of them had already sold off as most holders on lock up get around the lock up early as soon as they get a friend to short some for them. ------------- Man it looks like a vacuum truck suckin up the money from the suckers who are dumb enough to buy into that long term sheet. 80% of them were not just down, they were down hard like many of them going for 10% to 20% of their original IPO..the news media won't pass this to you. ----------- Doubt it ? Check ipolockup.com and then look from Aug 1st to the 9th,, I only found 1 that was above it's IPO price. If you get em flip em ASAP or get a friend to short em on the runup..but long term, better you use your money to start the BBQ pit. Every one thinks they are going to find the next MSFT..shit no one found MSFT it was rigged by IBM insiders who got rich, Bill couldn't even believe his own luck.. Jim