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.
Technology Stocks : (GMTN) Selling Earth-friendly Energy -- Ignore unavailable to you. Want to Upgrade?

To: Melismatics who wrote (11)6/18/1999 10:08:00 PM
From: dotcomboy  Respond to of 21 = They are *rarely* right about IPOs <eom>

To: Melismatics who wrote (11)6/22/1999 8:45:00 PM
From: Trevor Goodchild  Read Replies (1) | Respond to of 21's ratings look to be based on empirical data related to the underwriter and co-underwriters. It looks to be a mathematical rating only. In other words, anything underwritten by Goldman Sachs will have a good rating; anything underwritten by one of the smaller Investment banks with a poor track record will not. Think of it as a power rating. GS is less likely to be the underwriter on losers and they have enough institutional leverage to support the markets of the so-so companies. Some of these Investment banks just don't have the rolodexes, clientele, capital, and pull on the market to support some of these IPOs. Remember, every time a person flips his shares, the market maker has to buy those shares if they want to protect the price. Also remember that quite a bit of their compensation is tied to their ability to overallocate shares for themselves at the IPO price.

I think GS will guarantee a succesful IPO for GMTN, however, whether that holds for 30 days (my criteria) is the issue.