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Gold/Mining/Energy : SunPower Announces Initial Public Offering SPWR
SPWR 1.720+6.2%Nov 5 3:59 PM EST

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To: Sr K who wrote (42)5/1/2007 1:28:15 PM
From: Lizzie Tudor   of 196
 
that increases the "float" on yahoo finance, the same thing happened with Google on an insider sale which is basically what this is. But it doesn't change the tradeable float.

I think there are a lot of funds that are growth funds that literally have to have new, hot companies on their books and when one of these comes out they have to buy in size. Google did a ton of this. Especially when the S&P 500 addition occurred for google, GOOG (the company- with insider shares) sold 5 million shares just for that transaction. Which means S&P contacted GOOG and said they needed some liquidity.

I have no issues with this, it just means SPWR is a hot company.
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