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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: David H. Zimmer who wrote (6146)6/8/1999 3:02:00 PM
From: TLindt  Read Replies (1) of 20297
 
>>>A few months back this almost same group of underwriters did the NITE secondary. Same thing, stock trading in the mid 40s, dropped back to the mid 30s, offering completed, consolidated for next month and then more than doubled.

I looked at that S3 filed on that NITE offering too....seems there were three large insiders that each sold 450k shares included as part of their secondary offering.

Those birds must encourage that...so they can boast about town later down the road when the stock seeks it pre-offering highs that they can offer their buddy clients a deal on a high flying stocks.

Sorry it was an S8, and they gave the same lame excuse for what they were going to do with the proceeds also.

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