Your Money: May 10, 1999

IPO A GO-GO Dedicated day traders have a new way to get hold of shares in those skyrocketing Internet IPOs. Last week Discover Brokerage Direct became the latest online player to offer retail investors a small portion of stock in initial public offerings, before the new issues leap 500% on their market debuts. To participate, you'll need to have a hefty $100,000 in your account, and a hearty appetite for risk--despite the recent mania, most IPOs turn out to be losers.

IPOS ONLINE

Discover Brokerage Wit Capital ETrade Schwab Fidelity W.R. Hambrecht & Co.

SKINNED AND BURIED If you're thinking of...

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