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To: Tech Master who wrote (11834)2/11/1998 11:13:00 AM
From: Patrick Slevin  Respond to of 17305
 
CGLB

I don't care for it for reasons that have nothing to do with the stock itself.

Some years ago I briefly worked for a "First Jersey" type firm, a churn and burn outfit. They had a pet stock which was in some kind of medical weirdo stuff that kept doing secondaries. Every time a secondary came along their brokers had to hit the phones and get people to buy in.

Naturally the managers knew when to get out and browbeated the brokers to keep their clients in....at least until the managers got their clients out.

The secondaries would always come around $5 and the stock would climb to 7.5 and come back down again. 6 months later another secondary.

Man did I hate that place.