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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)
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To: Anchan who wrote (272)1/27/2000 8:22:00 AM
From: oilbabe  Read Replies (1) of 406
 
Andreas: Many IPO's have a period of time immediately after they come public during which insiders can not sell their shares. There is currently a 10mil float, and 3-4X that will become available to sell. To many that signal a time to either sell or short, since there will be so much supply on the market, at least in theory.
I would point out the other side however. Many institutions hesitate to own a stock with low float, and once the shares unlock, they get gobbled up by the institutions, coupled with a short squeeze which can create a real surge. Look at ENGA recently for a perfect example. KOREA is a buy here IMHO...
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