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

To: Haim R. Branisteanu who wrote (73660)	3/30/2001 7:38:07 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 99985

Collusion, manipulation and kickbacks--yeah, it was pretty obvious. When I bought shares of an IPO, I was told verbally that if I sold within 30 days, I wouldn't be able to get in on the next IPO. But it was easy money for a while. I don't think I ever made less than 30% in the first month in 1999 and the first quarter of 2000. But I could only get 50 to 100 shares of each IPO. Most of what they were doing was common knowledge. Not clear it wasn't legal.