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Strategies & Market Trends : Angels of Alchemy

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To: puborectalis who wrote (23196)	12/12/2000 9:03:36 AM
From: vagabond	of 24256

Only confirmed IPO today is GNVC, priced at 9-1/2 -- which is below the planned range of 11-13, which had earlier been lowered from 16-18. Yikes! Some sources also say CLMX to open today, but no pricing set and most other sources say it'll go tomorrow instead. Re GNVC: Might be worth pointing out that several other recent IPOs that priced below their planned ranges have wound-up trading well above their opening levels on the first day, and for days beyond. May be reflective of a new trend, pointed-out by some market-analysts (I've seen a couple of articles, but can't recall where), in which some companies are so eager to get-to-market that they're willing to slash their offering prices -- and the prices then pop on the open market, because the stock looks like a bargain to many people. Certainly a risky assumption -- but a recent pattern that may be worth noting... Vagabond

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