Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: FawnVu who wrote (2319)	1/2/1999 11:28:00 PM
From: profit_guy	Read Replies (1) of 122087

Fawn, Remember, that by some strange coincidence (a little sarcasm) it seems that the underwriters of the IPO happen to upgrade the IPO just as the quiet period ends and the stock becomes shortable. Recall EBAY - it took one of underwriters 18 minutes after the quiet period ended for them to raise the target price of EBAY to $55, then shortly after another underwriter of the IPO raised the target to $70, then a few more days past and the target was raised to $150. The rest is history and so were those who shorted EBAY. Talk about conflict of interest, but I guess that is their way of protecting the stock. Be careful shorting UBID and TMCS for awhile. profit_guy

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