SI
SI
discoversearch

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

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Hua who wrote (26514)4/3/1999 11:02:00 AM
From: RockyBalboa  Read Replies (1) of 122087
 
THat reminds me a bit about the 2nd offering EGGS did recently. The EGG stock behaved weird after the offering @ $13 has been announced. It hit $20 briefly. After that, it seems to be a better short.

Some other 2nd offerings, like DCLK did one back in November, has a disastrous effect on shorts. DCLK got out some 3M at $39 or so, and up it went thereafter.

The ability to do a successful equity placement (not a convertible debt) and added equity was treated positively by the street, many stocks went up and didn't look back. That makes me thinking when I read about secondary placements.

C.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext