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From: Ron Richton
Time: 7:49:41 AM
I have a broker that does a lot of IPO's. It seems as though everyone of them goes to a big premium when they come out. My salesman at the firm has indicated that I can have any one of them I want but that I have to not only hold the issue until the firm tells me that I can sell it but I also have to buy more once it comes out.
Because these things have done so well, I am tempted to do that. On the other hand, it just seems like the bubble is going to break and I am going to get caught in it. I would hate to be a patsy. What do you think?