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


To: mod who wrote (79)11/15/1998 5:02:00 PM
From: JIMMY LIU  Read Replies (1) | Respond to of 177
 
Dennis:
How is it work? If I would like to buy 1000 ($14.00 per share I.P.O. Prodigy,than I deposit $1000 in witcapital.
1.Should I pay in full ($14x1000=14,000 before or at public offer date)?
2.After I buy 1000 I.P.O., will it show in my account online or
I have to call witcapital to know if I buy it or not.
3.If you sell I.P.O. with 60 days and pay 5% commission again, will
you get I.P.O. again.
I will appreciate any help
Jimmy Liu
Atlanta, Ga

Yup, 5% commission in that case would be $3,000, pretty stiff. Still leaves you with a
profit of $43,000 on a $14,000 investment, though.