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Technology Stocks : UBID - an IPO spinoff of Creative Computers -- Ignore unavailable to you. Want to Upgrade?


To: RDR who wrote (216)12/22/1998 9:48:00 PM
From: SHGLaw  Read Replies (2) | Respond to of 581
 
Mall is hugely undervalued by any estimation. Each share of Mall will end up with, I believe, .71 shares of ubid in 180 days after the IPO.

As to the analysts feelings, they never love anything that they didn't move or discover themselves, and they never discover anything until after everybody who isn't brain dead has already figured it out. They hated eBay until, one day, inexplicably, they loved it and called it an excellent business model. Of course, by that time, it had increased 16 fold. A lot of good that does, figuring out the winners after they have already won. But that is what analysts do. Which is why their recommendations, though nice when you're on the right end of them, mean nothing to knowledgable investors, who know that by the time the analysts discover the stock, its too late.

Last thing of interest is that ML underwrote uBid. After the 30 day quiet period following the IPO, which will happen on Janaury 4, expect all hell to break loose with ML pushing this stock like crazy and announcements of great things. But of course, by that time, this stock will be at 250 and JP Morgan will, ahem, acknowledge its existence. By then, it will be too late.

SHG