Tom,
that's a stark tobacco. Barrons talked tacheles this time.
Additionally it is very easy to shave to price up to, say $120-$190 at the opening second, as long as they find enough orders to fill (I more expect 60-90 though, especially when they do not go monday early enough, the folks get tired quickly).
But uBid isn't shortable so they keep MALL at a 20-30% discount to uBid to prevent people shorting into the opening. There will be little MALL buyers. Then, as some, not much uBids stream back (on a net basis), the bids can be dropped quickly.
MALL will be kept outside a bit, as everybody knows, that it only will be shorted as a Ubid sell proxy. Do you know why? As uBID IPO buyers do not want to get a bad history at their broker's by flipping uBID...clear. Also, tax reasons may play a role here - to box the twins, but this is for the more nimble ones.
As ever, except barrons, all JMHO and nothing stolen.
And though I shorted a lot (except internuts again except ELNK@52 which I closed at par), I am not impoverished by any measures and up and running).
Somehow it's nice to have left the MALL money giftshop already. The money was made, greed and fear rule the world from now.
But for your pick, MZON, should I be greedy or take out the money and leave at 14?
TIA
C. |
