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.

Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: Ken Whiteside who wrote (463)	4/26/1999 1:01:00 PM
From: drakes353	Read Replies (1) \| Respond to of 737

Ken: Don't get me wrong, two, three weeks post-IPO I'll be looking to buy NETP at lower prices. The thing is trading very, very poorly for an Internet IPO. Take a look at most of the recent offerings in this space, you'll find good short term buys gap quite a bit higher on Day Two, the ones that don't go up on Day Two head lower, sometimes substantially so, during the two weeks following the offering. Still plenty of backdoor owners in LPGL, when NETP broke below Friday's low the a few of them showed up with their selling shoes on. As NETP heads lower over the next two weeks the disappointed backdoor owners will bail. It's a theory anyway. FWIW, I'm also expecting many Internet names to check in with their lows of last week once the EBAY, AOL, AMZN earnings are out of the way. Internet stocks have a history of trading down once earnings season winds down. If I'm right on the coming correction in Internet stocks there will be wholesale puking of the recent IPOs. Many of the most recent offering got clipped for 40-60% losses during the last downdraft. Regards, drakes353