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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?


To: Gerald Walls who wrote (2275)5/11/1999 1:13:00 PM
From: Danny  Respond to of 15145
 
Gerald, selling half seems like a good strategy as well.

The only pitfall is you may be excluded from the future
IPOs, for example, AltaVista late this year? :) Of course,
so far, Etrade does not care if you are a flipper or not.

But in general, selling half after some big gains is
a sound logic.



To: Gerald Walls who wrote (2275)5/11/1999 1:15:00 PM
From: Marshall001  Read Replies (1) | Respond to of 15145
 
I flipped it at 65 1/8. I should have done it sooner. Its not running like I thought it would but who cares.

As far as flipping vs non flipping, I say if you must own the stock, take your 200+ % today and buy it back in a week or two after volume dries up.

There are very few IPO's that hold price from opening day through the entire quiet period. And don't cry to me about capital gains tax.. Sell at 65 buy back at 45 and you have made up the difference and locked in your profits.

M



To: Gerald Walls who wrote (2275)5/11/1999 1:25:00 PM
From: gbh  Read Replies (1) | Respond to of 15145
 
Gerald, their are no big orders showing on T&S. Very few orders even at 1000 shares.

The Level 2 action is as expected. When GSCO moves to the ASK, the buyers dry up and the price drops. When they back away, price moves back up. GSCO is Goldman Sachs, the lead underwriter. Basically, its their many clients flipping.

Gary