To: Alex Engelgardt who wrote (4551 ) 1/5/1998 9:04:00 PM From: LastShadow Respond to of 120523
NSCP, and some thoughts...:-) Bought a thousand shares at open, sold mid morning for almost a buck a share profit, rebought at 18.375 and resold for 18.625 for a quarter. I hate daytrading actually, but when a stock like NSCP dumps, with the volume thats there and the volatility of the market, its real hard to pass up. I'm unclear what everyone is grousing about. This is after all a trader's thread. I think NSCP is a great company also, but it really doesnt matter what I or anyone thinks of it - long or short term. Later tonight it may not even show on the watch lists. Or it might. That really how this works, you know. We post watch lists or immediate opportunities and then the market tests us. Why it dumped or jumped or stayed the same is irrelevant. That's history. What will be the next best buys is the concern. As for the CDNow (?) IPO, from what you described I wouldn't put a penny into it. It will probably open much lower than the ask, godown from there, and then come up in a 10 day time frame. I woul wait until its hit bottom after the IPO and pick it up. Why try to get in right away? Having a wonerful hype, or being a 'star internet offering' is meaningless to the market in general. the folks who buy the first million shares will be doing so out of intelligence. maybe the few hundred naive folks who buy a stock based on what it MAY become will pay the higher buck, but not the funds or the brokerages or the ones getting a couple hundred thousand shares pre-Offering. My suggestion is to wait and see what it does. If it climbs you can still get on forthe ride up. But if it doensn't, then you can get in at the lower price - and from the history of internet an high tech IPO's for the last 6 months, that would seem to be the better route. lastshadow