Hello Tom and all other MALL shorters!
Tom, your valuations DO NOT APPLY when you try to determine an IPOs value!!
NOT ONE OF THE INTERNET WONDERS YOU SEE TRADING EVERY SINGLE DAY (YHOO, AMZN, EBAY EWBX, TGLO - ALL EXTREMELY HYPED IPOS) is trading within its "SUPPOSED, CALCULATED" value!!!
That is the beauty of the internets! They are trading on a promise THAT THE INTERNET WILL (AND DOES) REVOLUTIONIZE THE FUTURE AND WILL AND DOES BRING MORE AND MORE PROFITS!
NO ONE WANTS TO LEFT OUT AGAIN ON A HOT INTERNET IPO!
PEOPLE are tired of missing the next YHOO, AMZN, EBAY, INKT or BRCM!
ENOUGH PRECEDENTS HAVE BEEN SET TO SHOW YOU, TOM, THAT THE INTERNET IS HERE TO STAY!
Tom, UBID is not COOL, EGGS or any of the other "one trick ponies" you are comparing it to. UBID has been mentioned as the biggest competitor to EBAY by Wall street analysts and WILL be a "BLOCKBUSTER IPO"!
The price of MALL will drift around $20 - $26 range until Merrill opens the floodgates to "HYPE" the IPO, approximately 2-3 days prior.
Then...WATCH WHAT HAPPENS TO MALL!
The real "SMART" MONEY WILL BE MADE ON THE DAY OF THE IPO, because "SOMEONE" will know at what price UBID will come out before everyone else does and they will certainly buy up(or sell) all they can, to take advantage of the obvious price discrepency between the two (UBID and MALL)at the open.
So again, TOM, Your efforts to convince people that being "long" this stock is dangerous is futile!
YOU are in extreme danger of losing your hard earned cash, you should take your "short" position up either later or in another stock!
IMHO
Rico
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