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To: Longterminvest who wrote (916)4/27/1999 3:50:00 PM
From: rashomonlynch  Read Replies (3) | Respond to of 2743
 
Lonterminvest:

If you geta chance,could you please
do me a favor and expand on your
comment "IPO allotment shares"....
to be sold.

I think the "lock up" period is for
six (6) months after March 30, 1999,
however, I am not sure. I am trying
to learn something. Thanks.



To: Longterminvest who wrote (916)4/27/1999 4:02:00 PM
From: mfgrep  Respond to of 2743
 
I disagree entirely.

The average trade thus far today is approx. $36,000 each!

That doesn't sound like your typical joe shmoe investor to me.

I also don't think that you are going to see a "IPO alloted Shares sell off on Friday". If people wished to sell....they already would've sold! There is not a brokerage firm or bank in the nation that gives a darn if you sell your IPO shares within 30 days (especially when the IPO has gone up 750%!!!!!) E*Trade claims that they "punish" people for selling shares....well...that didn't stop anybody.

The only time a brokerage house is concerned with IPO flippers is when the IPO does not do well.

Jason