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Pastimes : CNBC -- critique.

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To: Gorak Shep who wrote (3057)6/23/1999 9:24:00 PM
From: IJReilly  Read Replies (1) of 17683
 
Gorak-
I couldn't agree more-I was surprised that Costello actually mentioned this more than once. This "investor" must have bought 150,000 shares of streamline in order to lose $500K. the fact that he was able to get so much should have been his first clue that it wasn't going to be a hot one. He complained it was "mispriced"-perhaps his bid for 150K at $10 was a factor in the mispricing-what do you think?

I didn't know they gave mulligans for IPO's.

IJ

Perhaps Tom Costello could provide a service to viewers by mentioning the guy's firm so we could steer clear.
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