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Technology Stocks : DreamWorks Animation (DWA) IPO

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To: howiemakesmoney who wrote (14)10/28/2004 11:18:39 AM
From: Trader J  Read Replies (1) of 21
 
I really don't see any reason to chase it here. A lot of people are looking for an entry though but I still expect to back off this high within a few days. But, if the post about it being 13x oversubscribed is any indication, then there may be enough support here to keep it in this range.

As I recall, there are quite a few shares coming up for sale after it went public from the owners so that should keep supply relatively high.

I have yet to do any real valuation study on it, and when I do I will be comparing it to PIXR.

TJ
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