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Technology Stocks : EarthWeb IPO -- Ignore unavailable to you. Want to Upgrade?


To: RGrey who wrote (69)11/13/1998 1:34:00 AM
From: AugustWest  Respond to of 177
 
#reply-6375285



To: RGrey who wrote (69)11/13/1998 2:07:00 PM
From: ilan saadia  Respond to of 177
 
If you want to get in on an IPO before it comes out, look at DBCC. They own 50% of Marketwatch.com, which is going public next week(according to IR). The other half is owned by CBS. Judging by the last 2 IPO's, this is an easy double



To: RGrey who wrote (69)11/14/1998 1:39:00 AM
From: Matt Webster  Read Replies (1) | Respond to of 177
 
You have to think of early access to an IPO as a side payment. In exchange for parking multi-million dollar accounts with Merrill or whoever and paying high commissions on trades, the investor is rewarded with some IPO shares early. I think most of the early IPO shares went to institutional clients, who are gradually unloading them into this crazy market. There's no point even talking about trading this stock until it settles down. You can try to wade into these illiquid markets, but if you do, be sure to add the possibility of getting burned by liquidity risk to the list of risks.

I think the strategy for a stock like EWBX is to wait for volume to shake out and then short it. When volume falls, price falls.

Matt