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To: Richard Tuck who wrote (108)4/17/1998 5:40:00 PM
From: Mark T. Heath  Read Replies (1) | Respond to of 6531
 
I could only get 100 shares, but I'm not complaining. Yes, a friend of mine works for Dean Witter. You could not have gotten the shares at the offering price from anyone else other than a Dean Witter - Morgan Stanley broker.

The stock closed at it's low for the day if the SI quote below is correct. It traded as high as $70. Wonder if there is a message in that?



To: Richard Tuck who wrote (108)4/18/1998 1:05:00 AM
From: srvhap  Read Replies (2) | Respond to of 6531
 
<<Mark,

Congratulations! I hope you bought a lot of shares. This one was a sitting duck ...
wish I had paid more attention to it. Was your broker an underwriter on the IPO?
Could you have gotten in on it if you had been with a discount broker like Fidelity
or even E*Trade? These IPOs are like money on trees if you can be one of the
lucky ones to get in at the IPO price.
>>
Either Mark is yanking your chain or he has a company that he is going to bring public through one of the underwriter(s), or has a *MAJOR* account with one of the underwriter(s) (both of the above would make me wonder why he would be posting on this thread :)).

I got into Yahoo the day of the IPO on 4/12/96 at 26 3/4 by placing a limit order over one month in advance (I am just common folk) - recall Yahoo was priced around $10 that day. IPOs are highly hyped, if you by in the first day, make sure it's a limit order and plan on sticking around for the long haul. IPOs are nothing but a gamble, most lose.