SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GVTucker who wrote (10782)3/17/1999 3:01:00 PM
From: limtex  Read Replies (2) of 12468
 
GVT -

That is why a) WCII help up for a few days after the secondary and B) why, when the underwriter had covered their short position completely, there was no support at all for the stock, and it tanked.

OK but if that is the case why was the stock at a level where so soon after the secondary there was no support at all for the stock?

Where had the support gone?

Regards,

L
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext