Valley Media (VMIX) IPO Message Board

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Non-Tech : Valley Media (VMIX) IPO

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To: Paul Hackett who wrote (204)	6/20/1999 5:32:00 PM
From: Tradegod	Read Replies (1) of 298

Curious about the large block trades: I too noticed the selling increase in the afternoon, led by some very large blocks. Leads me to believe that some of the IPO holders sold. I wonder if it was the result of the stock trading below the IPO issue price. I believe that some institutions have guidelines to sell if that happens. Also disappointed that BB Rob/Stephens downgraded. They were one of the underwriters (not the lead) and presumably close to the company. Granted that the downgrade was issued pre market opening: perhaps the stock will look more attractive to them now. I too agree that the 7 point drop seems excessive, and wonder why the big boys elected to part with their shares at that price. Hope they don't know something we don't! On the positive side, there were buyers in size for those shares. Do you think there is any news related to this "warehouse expansion" that we don't know? This drop would seem to reflect something more substantial, such as losing the AMZN contract.

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