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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: BJ Cooke who wrote (4016)	12/24/1997 12:23:00 AM
From: TraderGreg	Respond to of 11708

OK everyone, you try and think of all the rule scenarios and then you get a tough question. One of our posters gave the following: < How about if I got an IPO that hasn't hit the street? Although, it's a company I'm following, and it should become one in '98? Do I win for having the greatest increase? From 0% to whatever it will be? <smile>, I'm serious!! > How to treat this? I give two suggestions. One, no IPOs OR two, take the opening ask price on the date it goes IPO. Then measure the % increase from that date to 12/31/98 closing bid. Then compute that Rate of Return and extrapolate it, with compounding, to a 1 year value. For example, if it went up exactly 50 % over a six month period from IPO on 6/30/98, we would give it a 125 % increase. (1.50 squared or 2.25 times 100 less 100). Thoughts? TG