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Pastimes : coug's news and views -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (218)	11/17/2005 12:12:17 AM
From: SiouxPal	Read Replies (1) \| Respond to of 3961

Don't jest. That was me and Janis decades ago. This was when I had arms and a good leg before the multiple amputations. The tongue and vocal chord reduction was an affront to my limb reductions. I can now be a bowling ball with an attitude that can become a curve ball on a well-oiled alley. The pain incurred does not hurt anymore. Pain medication is a good thing. Limbless in Seattle. StumpyOnAMorphineDrip

To: coug who wrote (218)	11/17/2005 12:19:00 AM
From: manalagi	Read Replies (1) \| Respond to of 3961

This is my experience with IPO. I got allocation for IPO of ICE which started to trade today at $ 26. It closed at $ 39.25 on almost 20 million shares. That means many IPO recipients were flipping the stock. The condition of the IPO I got is that if I flip the stock less than 30 days I will not be considered for another IPO for the next 90 days. And if I keep doing it, I will not get any future allocation. The caveat is: the broker which set up that rule will not be responsible for any loss as a result of holding the IPO for 30 days. Go figure. To get around that I asked if I short against the box, will that be considered flipping? Well, I forgot that you cannot short an IPO before 30 days. So, 50+% paper gain in 1 day is just that: paper gain.