Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (412)	3/26/1999 2:41:00 PM
From: Wayners	Read Replies (1) \| Respond to of 108040

As long as you are safe from getting a margin call you will be fine because IPOs tend to hit bottoms within 4 to 10 days of its initial day. Within 25 to 28 calendar days of the offering BT Alex Brown and other underwriters will issue buy and strong buy ratings on the stock. All you are seeing right now is profit taking because of the quick jump from $22 to $46. Those taking profits are doing so with the expectation of being able to buy it lower once again from fearful people over the next 2 to 8 days. Their goal is to capitalize on the next inevitable run in anticipation of and immediately after the initial brokerage coverage and the underwriter's retail brokers getting their clients to buy the stock.

To: kathyh who wrote (412)	3/26/1999 4:21:00 PM
From: Kimberly Lee	Read Replies (3) \| Respond to of 108040

Kathy, I just got in from a long lunch right before the close. Alex Brown really doesn't defends its IPOs much -- just look at ABTL. If it was a GSCO, MSCO or BEST leading the underwriting effort, the stock would have been able to close in the 50s easily. About ONEM. One way to assist myself making a decision about selling or holding is pretending that you don't own the stock right now, would you buy it at this price? If the answer is yes, hold; if no, sell.