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Non-Tech : Brokerage Stocks - MWD, MER, BSC, PWJ and All The Rest

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To: Smart Investor who wrote (8)4/8/1999 4:39:00 PM
From: Bonnie Bear  Read Replies (1) of 18
 
the brokers all have a cut of the goldman sachs IPO...they all make huge profits if they get the IPO priced at top dollar. The IPO is scheduled for May and priced relative to the rest of the brokers. This is why the only thing holding up the market is the internet brokerages and internet stocks...internet trading is being used as an excuse to prop up their price.. goldman gave birth to microsoft and the nasdaq derivatives market and is trying to squeeze every last nickel out of it.
look for things to turn ugly after the IPO.
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