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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Garrity Allen who wrote (232)	4/25/1999 12:18:00 PM
From: Lane Hall-Witt	Read Replies (3) \| Respond to of 614

There's been a pattern with several recent Net IPOs where the price has risen significantly in the week before or after the "quiet period" ended. Look, for example, at the charts for these recent IPOs: EPAY: bigcharts.com VERT: bigcharts.com ROWE: bigcharts.com CTIX: bigcharts.com In each case, there's a spike toward the end of the first month of trading, which corresponds roughly with the end of the quiet period. (The quiet period lasts 25 days after the IPO and basically prohibits analysts at the underwriting firms from covering the IPO company.) If this pattern holds for TURF, we could expect to see the price go up sometime over the next couple of weeks. TURF's quiet period ends on May 4. It's worth noting, as a caution, that the Net meltdown last Monday interfered with this pattern -- so this may no longer "work" as a trading scheme. AWEB was going up in the days preceding the end of its quiet period, but the selloff halted the rise. ABTL didn't benefit from the quiet-period phenomenon. I bought into TURF on the drop into the 20s because I thought it was undervalued at that level. A portal for Generation Y has too much potential for this to remain a cheap stock for long. We may get a runup with the quiet-period phenomenon; but I won't be worried about holding this stock even if we don't.