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To: Highway Jim who wrote (30)	7/19/1998 9:33:00 AM
From: Steve Smith	Read Replies (1) \| Respond to of 316

yes..that's correct. I would not put in a market order on opening day...unless you want to pay $40 or higher for it. Take a look at BCST and see what happened Friday. steve

To: Highway Jim who wrote (30)	7/19/1998 5:35:00 PM
From: William A. Eydler	Read Replies (1) \| Respond to of 316

You are correct, some big traders will reap the tremendous profits and all others will be left with the scraps. Take Broadcast.com's IPO on Friday BCST. IPO was offered to big guys at 18, it opened in the 60's, went to about 74 and closed in the 60's. It will probably go down some and a lot of people who want to get in to a sure thing will take some pretty good loses. I'm really interested in Geocities IPO but can only invest about 10g's, so I'll have to wait. I not going to be trapped ni at some outrageous market price but going to try to study and wait to get best opportunity. It hardly seems fair that the brokerage firms can get away with this type of " CRAP " and virtually handing out fortunes to certain well heeled and inside investors , so to speak. If someone bought 1000 shares of BCST on Friday at IPO price of $18 it would equal $18,000.00, they then sell later in the day at say $68 and net a neat $50,000.00. NOT BAD FOR A DAYS WORK!!! This kind of stuff with IPO's has gotta be stopped. It denies the vast majority of individual investors an opportunity to get involved.