Sierra Wireless SW (Toronto) Message Board

STOCKTALK

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.

Gold/Mining/Energy : Sierra Wireless SW (Toronto)

SW 42.98

+1.6%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: recycled_electron who wrote (158)	3/8/2000 11:05:00 PM
From: Jon Warren	Read Replies (1) of 198

The NASDAQ was up but the TSE saw lots of selling. That was probably a factor but maybe there is some intentional selling by brokerage firms to set themselves up for some big profits. When SW released news about going on the NASDAQ they also announced they would do a PP. "The wireless technology firm plans to offer up to 2.25 million shares in the United States by the end of March" The brokerage firm will try to get the lowest price on the PP as possible to maximize profits of course. But as I understand that there are exchange rules that when the deal is announced or placed the share price has to be within 20% of the current share price. If the deal is getting close to being finalized maybe the brokers are depressing the price in an attempt to get in around $150 or lower. Just some thoughts what is your take. PS-Could just be profit taking, I mean 60K shares trade and the thing goes up or down $30. They have got to get some more liquidity in this thing. JMHO JW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next