Digital Lava Inc. (DGV) Message Board

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Technology Stocks : Digital Lava Inc. (DGV)

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To: Intrepid1 who wrote (18)	2/18/1999 8:36:00 AM
From: hcm1943	Read Replies (1) of 343

the ONLY stock that can move at this time is part of the 2.4 million that went public. ALL other shares are restricted. Why would anyone want to take a loss on a decent IPO? I'll explain: Hedge funds owe commissions to firms that provide information over the years and usually the .03-.06 cents is not really adequate compensaton for the info. (the funds cant pay more due to fiduciary responsibility) in the case of IPOs the Company going public pays the Concession which usually runs about 4-5% of the offer price. So if the hedge fund takes down a piece and loses a quarter blowing back the stock and the broker gets his "payday" the only ones hurting are the investors. However once the flippers are out the stock uually trades up as the real players stay with the position and new investors start to look at it.

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