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 : Digital Island,Inc - (Nasdaq- ISLD)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Spiderman who wrote (1194)12/28/1999 9:56:00 AM
From: Early Out  Read Replies (2) of 1884
 
The stock was priced June 29, 1999. 180 days after the IPO, insiders can start to sell (and who can blame them). 180 days later..would be yesterday, December 26, 1999. So today is the first day insiders started selling. There are about 9M shares that theoretically can hit the market at once (if all of today's eligible sellers decide to sell...which is....uh...not likely) The stock will be under pressure for a period of time but will easily recover and SHORTS will move on to greener pastures maybe to AKAM or CMRC or some other high flyer.

Being in the exact same situation myself, I know there is one other caveat - do you know what ISLDs normal blackout window is? For example, my 180 day lockup ends the first week of January, but that happens to be in our normal blackout period, so in fact I would not be able to sell until that ends, which is after we report results in February.
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