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Alias Born 11/04/2005

Re: zentman post# 5

Thursday, 11/17/2005 8:36:20 PM

Thursday, November 17, 2005 8:36:20 PM

Post# of 37
Regardless, you've traded it a few TIMES, not days. That was your brilliant move to day trade an IPO. As for the 44 settled back at 39 yesterday to open and gap UP about a point before the selling occured. If you had read the prospectus, you would've realized that it was stated that all of the insider selling that happened was NOTED. No matter what stock you buy, if you buy at a high, you're OBVIOUSLY going to loose money...hence the term HOD. The high yesterday was at like 11am, anyways. It was trading around 39 for about 5 hours of trading, so I don't know where you figure it went from 44 ---> 35. You can't speculate the fact that they lost money, I'm assuming some of them are smart enough to hold for 1-2-3-4 years, not just flip on a panic sale...As for the flippers, that's fine...majority of the time, they're going to get burned and you're a standing example. I've lost money in the market as any other trader, but I'm in at the IPO, and I don't plan on selling for 3-5 years...All I'm saying is that you didn't do nearly enough reading or DD regarding the prospectus because all of the selling was listed in black and white...

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