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Date Posted: 23:06:55 02/14/00 Mon
Author: warren
Subject: Hi Sherry!!!...
In reply to: Sherry 's message, "YUP!" on 19:23:37 02/14/00 Mon

> Warren, Jay and I both got sucked into this quagmire
> the day it IPO'd. And we have been studying this
> thing from every angle tying to figure out what gives.
> OK, for what it's worth (not much) here's what I
> think. According to OGNC's Shareholder Relations
> Dept. they are going to release a 4th Q earnings
> announcement later this week. Obviously it will be
> decent, or why would it have been brought out last
> week? It appears to me that the dirty dogs, GS and
> ML, are accumulating the hell out of this to sell at a
> much higher price next week. If I were an MM, and
> wanted to make $$, and had no regard for my
> reputation, I would probably do the same thing!

How are you doing? Nice to hear from you.
Most of the ipos are bouncing off their lows anywhere from 3-5 days from their debut.I've realized buying into an ipo on the 1st day is unwise(unless it's a day trade).It's time to cash in on the ipos.
Good luck

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