Anybody Else Get Transmeta IPO Shares ... What to Do ???

[Midnight Rambler]

For the first time ever I got lucky and snagged the only shares my whole brokerage office got. It's usually this way with any majorly hyped IPO - the local branch gets just a few shares and they go to one person usually. And this is a major broker, one of the one's actually doing the IPO. I got them this time because I was the first to enquire for them, which was well over a year ago (whenever I first heard of Transmeta)!

Already they have jacked the price twice, first from $11-13 to $16-18, now tonight they actually priced them at $21.

I'm in a quandry. Sell them when it peaks out tomorrow, keep half and sell half, or hold them all. The IBM announcement last week has hurt some, but IBM also made a later statement saying that they only cancelled a singular product model number, that it was still working with Transmeta. The Gateway/AOL deal is solid, so that's a plus.

But bottomline, I the only reason I think about holding at least some is because of that guy named Linus.


Anyone care to offer their opinion on what to do, esp. if anybody else got lucky like me and got shares?

 

[KingHam]

Sell them at the peak. Usually the price will drop back down to a fair price in a week or so. If you think the stock is actually worth holding then buy back in then.

KingHam

 

[nateholtrop]

Sell them the day after they peak.


Nate

Why??? Because

 

[Midnight Rambler]

Kingham:

That's what I am tempted to do, but catching the peak is hard, and the opportunity to buy back later may not arise at as an attractive price. Therefore, my consideration to self half, keep half ...

 

[Napalm381]

How many tech IPOs in the past several months have done anything besides start medium, peak high, and then rapidly fall off? Find a good peak and sell them. If you wanna be in for the long term buy them back after they fall down some, it's safe to say there will be a peak in the first few days of trading.

 

[Midnight Rambler]

Because why?

I'm not totally convince about their silicon, but the strength that Torvalds brings to the party is a BIG plus, isn't it?

 

[Midnight Rambler]

I hear what you are saying Napalm, but have any of those had the hype/interest level that Transmeta has gotten? Maybe a couple of the F.O. companies that IPO'd ...

 

[perry]

What was it, VA Linux Systems, that IPOd at around 33 and hit 300+ on opening day? Put up half of your shares for sale at around 150, keep the other half for a longer term. You never know, some fool may buy at that price and you'll be laughing all the way to the IRS office to pay your taxes! Sometimes, it is good to have a tax problem!

 

[IBhacknU]

picking stock prices is so much easier in hindsight

 

[Napalm381]

<< but have any of those had the hype/interest level that Transmeta has gotten >>

Difficult to quantify hype, but...
Red Hat: Obviously a very popular, &quot;hyped&quot; company. Opened just under 50. 52 week high: 151 5/16. 52 week low: 10 5/8. Today: 15 11/16.

Just an example of the top of my head.

 

[stonerdave]

rambler, I think you got it right with the 1/2 and 1/2 idea...unless it just blows up through the roof in which case I'd sell 'em all. There's a ton of hype around this company (nice call Perry, almost forgot about VA Linux...that was nuts...) which is good for short-term of course.

I don't know, it just depends on how bad you need the $$$ right now, I guess...

Good luck.

 

[Napalm381]

FYI, 52 week high on VA Linux was 320. Today it fell 42 percent to 17 3/8 on bad earnings news. That's a 94.57 percent fall from the high. OUCH!!!

 

[SuperTool]

If they wanted to, Intel or AMD could have transmeta for lunch.

 

[Midnight Rambler]

Oh I know what Intel has up its sleeve alright, much more than just SpeedStep, namely XScale and StrongARM. A 1.2GHz when running off a power supply, run it off batteries and it drops down to 500Mhz or so. Not to mention IBM themselves have a big research project going on (wonder how much info they have pilfered from Transmeta already, since they are the fab source for TMTA).