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 : Andover.Net (ANDN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mohan Marette who wrote (17)12/5/1999 9:26:00 PM
From: Norman Stone  Read Replies (2) of 160
 
>>why not at 100?<<

Actually, Mohan, you are correct, as long as everyone doesn't follow the same strategy. The auction is a practical application of game theory (e.g. the prisoner's dilemma). If everyone bids 100, then everyone pays 100. But if I bid 100 and everyone else bids 30, everyone (me included) pays 30, but only I get exactly what I want -- which is my benefit for the extra risk I took.

So far, OpenIPO auctions have demonstrated a tendency not to be runaways, so it may be safe to bid high for as many shares as you know you want, bid low for the extras you can afford if the price is right, and bid a buck for 20k more shares...

But this is all moot unless you hold a Hambrecht account (cf #23 below).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News