Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (62387)	12/21/2000 4:47:40 PM
From: Don Pueblo	Read Replies (1) of 63513

Your 'watch the VC money' idea is a good idea. The deals are going to have to be tight, good deals this year, but the next two quarters would be a good time to throw out some good stuff. Good meaning good, not 'ending in dot com', priced at 20 then repriced at 30 then repriced the night before at 40 and then opened the next day at 200. The best scam this last year was this one: stockcharts.com[L,A]DBOANYMY[DD][PF][VC60][ILF!LG] Remember that? I'll never forget it. I hesitate to even calculate the amount of dough the underwriters took off the investing public's greedy hands on that one single deal. I remember watching it the first day. I saw an ISLD guy short 125,000 shares at 151 and cover about ten minutes later at 125. If he had waited another half an hour, he could have made twice as much. I've had several arguments about that deal. My contention was that someone with the ability to short the stock on Day One (and that narrows the field down to a handful of entities) shorted every single share of the stock the moment it opened and rode it down for three days. The argument I get from people is, "Can't happen, it's illegal." Ruh...ruh...ruh...right.

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