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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: william binder who wrote (1223)12/11/1998 11:19:00 AM
From: Tom Hua  Read Replies (1) | Respond to of 1634
 
Any other suggestions???

William, buy a hot internet IPO on the 25th day following the IPO. The chance is good that you can flip for nice profits within a few days after that. The reason is simple, a hot IPO will usually cool down in the weeks after the IPO, but frenzy buying will return when the underwriters initiate buy/strong buy coverage which occurs about 30 days after the IPO. I brought up TGLO on this thread last weekend, bought on Monday morning and flipped for a 30% return the same day. So, keep an eye on UBID toward the end of the month. Of course if the market tanks, all bets are off.

Regards,

Tom

Edit, In the case of UBID, things get a little more interesting because of the arbitrage. A better buy would be MALL.