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To: Patric who wrote (13087)4/4/1999 4:44:00 PM
From: d. alexander  Respond to of 27722
 
Thank you. As the circumstances are so different (NAVR/MALL), it doesn't sound like studying MALL's chart will give much of a clue. However it seems there is a pattern of the parent company losing value sharply some days before the IPO trades for some reason.

BRIEFING.com (FWIW)

10-Dec-98 12:00 -- 13:00 ET
(DAYTRADER)Fundamentals Don't Matter! When discussing 3rd and 4th tier Internet stocks, forget fundamentals, being able to identify the trend is how the real money is made. Obviously, not everyone understands this concept. Briefing.com received major criticism from readers after our November 13 Story Stock on Creative Computers (MALL 21 5/8 -1 1/8) discussing the spin-off of the company's wholly-owned subsidiary, uBid (UBID). What those readers failed to comprehend was the comparison between Creative Computers (COOL) and micro-cap, momentum play Winfield Capital (WCAP) was not based on fundamentals. The purpose of the story was to inform readers that companies with significant ownership stakes in Internet IPOs typically rally in advance of the offering and fall off a cliff after the deal hits the market. Those who were able to grasp this concept profited handsomely as MALL shares rally an additional 260%. Individuals who shorted the stock the morning of the uBid initial public offering have watched MALL shares tumble more than 40% in the four trading sessions since the deal debuted...