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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: M. Wint. who wrote (170)	1/19/1999 8:22:00 PM
From: mod	Read Replies (2) \| Respond to of 16809

I got 100 shares of MKTW, which is fine by me, up $8,000 so far. I also got 100 shares of UBID from Wit, up about $7,000 to date, and 1,000 shares of EWBX, sold them on the 61st day for a profit of $30,000. So Wit has made me about $45,000 on just 3 IPOs this year. I tried but didn't get any Xoom or AboveNet or TicketMaster. Assuming I spent a total of about 10 hours confirming, waiting, etc, that's about $4,500 per hour. I value my time highly, but for $4,500/hour I'll jump through as many damn hoops as they want to get the deals. You know what, I've seen the light. AVOID WIT!! Don't open an account! It's too good to be true, must be a scam! (and maybe it'll be less crowded for me to get that Prodigy IPO soon...)