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To: Sailor who wrote (47)	12/9/1998 11:59:00 AM
From: David B. Higgs	Read Replies (1) \| Respond to of 3070

Sailor, "Also Dave, did you sell immediately after your gain and were you "punished" by Schwab?" Of course, you are referring to the comment Schwab makes that if one sells shares in an IPO within the first 30 days, one "may be excluded from future IPOs for a period of up to six months" I can't answer that question since last week's IPO was the first I participated in. By the time I sold Select Comfort, I had already requested shares in INSP. If they don't call me tonight on INSP, I will know the answer. My guess is that I will be included in INSP but who knows about anything else coming down in the next six months. Personally, even if I'm out six months, most IPOs underperform longer term and since I use margin to buy IPOs and for short term trading, I'm not holding too long. Maybe someone else has first hand experience with the six month rule. I would like to know the answer also. Regards Dave