Winstar Comm. (WCII) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Winstar Comm. (WCII)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: limtex who wrote (10783)	3/17/1999 3:40:00 PM
From: Alejandro	Read Replies (1) of 12468

limtex: Sounds like a lot of people got screwed on the secondary. Naturally, they set as high a price as they could. Overpriced it. Period. The underwriters sold it to the buyers and the underwriters shorted it to keep it stable. They then waited and covered their shorts. Then tubes. If that isn't manipulation, what is. How about the poor buyers at 41 . Were they sold a bill of goods by Solomon or what ? All I knew was that buying WCII at 41 , at that time, wasn't a good idea alone. But to buy a secondary which is increasing dilution at 41 ? There must be logic here, but I don't see it. ac

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next