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Non-Tech : Auric Goldfinger's Short List
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To: Jim@Inland who wrote (4254)11/20/1999 7:26:00 PM
From: RockyBalboa  Read Replies (1) of 19428
 
To add a note on your thought. It could mean a "private placement", but you had private placements in september when the stocks value was in a trough. They do an ordinary, underwritten 2nd placement at the market price (which can be under the recent averages). So they could do a 2nd placement which is almost fully hedged out.

That reminds me on BTOB which did a secondary at $18.25, or $18, a decent amount under the previous $30 spikes but right at the then prevailing market price.

However all that is just my guessing, and 80% of the hike is to attribute to the perceived value of "incubators" (CMGI, ICGE, WCAP) in the light of yet-to-come spinoffs.
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