I think their products are very good. I think it's going to be an excellent IPO. |
I think they have a legitimate reason to raise cash. To compete with the electronic exchanges. |
It's Web based, which is the key. It really is the next step in this type of an application. |
That's the one we're waiting for. |
There's a lot of competition in that area and it's an area that's currently being investigated by various legal entities. Plus, they are a one-product company, so any one quarter can be difficult if sales slow. |
They realize they have to be executing. It's not just about a Web site. |
Waterhouse will be doing about two-thirds of its trading on-line. So I think that's going to be kind of a key offering, kind of a watershed offering for the month. If it does okay, then I think the Internet correction might have run almost its entire course. |
We expect the trials will be successful. |
We have more of a short-term buy on this, which is something we look at to own for about six months. You'll probably see some nice gains. |
We're anxiously awaiting the Court of Appeals decision. |