General Discussion Undecided where to post - do it here. |
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#11 |
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You're not really going to base your opinion on a first day trading report are you? Even I wouldn't be that rash. Besides, I think Zoo has already explained how it sees it happening and I'm fairly confident he's much better qualified than either of us to make a guess. The underwriters are the ones in charge of hype, and this stock was supposed to soar today. Now the underwriters are having to eat their hype and are buying stock to support all the unsold stock they hold. I repeat, far more sellers than buyers is never a good thing. Have fun spinning it. Don't get too dizzy. |
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