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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: George Gotch who wrote (19)5/23/1999 2:31:00 AM
From: LKO  Read Replies (3) of 1956
 
The deal on that was the float. When you get a 2.5 million float,
anything can happen.

Some explanation for the naive <G>. Are you saying too few shares
were floated ? Anyone know when more shares will come on the market ?
What percentage has been floated now ?

Never been lucky or rich enough to get initial IPO shares, but
I have noticed that after about 3 months or so, (all else being
normal .i.e not an profitless "Internet stock" <G>), prices do
come down from stratosphere to something more affordable with some
of the hot IPOs.

LKO
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