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Technology Stocks : Juniper Networks - JNPR
JNPR 39.950.0%Jul 2 5:00 PM EST

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To: Wizard who wrote (916)9/8/1999 8:59:00 PM
From: Tom Hua  Read Replies (1) of 3350
 
Every rally attempt after the SPO announcement has failed. Doesn't look good going into the floodgates opening ceremony. I wonder if some people were mistaken by the "proposed maximum offering price" in the S-1/A filed yesterday, thinking it's the actual pricing (It's just the average stock price on Aug 31, used solely for the purpose of estimating the registration fee).

3 weeks to go, chances are good the secondary will be priced around 140.

Regards,

Tom
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