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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (1876)	12/2/1997 3:22:00 AM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Ian, the underwriter's job is to SELL shares at an agreed-upon price, to whomever they can find to buy them. And, they usually have a reserve of extra shares just in case their marketing efforts exceed initial expectations. As a result, the offering is likely to absorb every available buyer in the short-term. Since any pent-up buying pressure has been relieved at the same time that the underwriter sales effort come to an end, what's left in the marketplace is a often whole lot of sellers. Many IPOs and secondaries fall prey to this market imbalance, falling in price during the following days or weeks. The trick seems to be finding the bottom and riding the next wave. Craig