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 : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: micny who wrote (6603)6/22/1999 10:38:00 AM
From: David H. Zimmer  Read Replies (2) of 20297
 
The basis of the offering being complete becomes secondary to the maintenance of an orderly market. You must remember that the underwriters had a concession of $1.95, in other words, they paid $37.05 for their shares, inclusive of the green shoe, Merrill was in the driver's seat this morning. They had a great deal of room in this offering and clients, large clients that they needed to protect, i.e., by buying additional shares at a lower price to lay off to the better institutions. They did so professionally and at a minimal cost to the underwriting. Besides, these whores shorted several hundred thousand shares over the last month and had plenty of room to cover.

In situations like this one must look to see where the selling stops, that was around 10:20 AM -- from here, if the stock closes above the offering price, and even more so, above yesterday's close, we see the 50 day moving average before Friday.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News