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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?


To: kcmike who wrote (5135)6/18/1999 2:04:00 PM
From: eDollar.com  Read Replies (1) | Respond to of 16809
 
kcmike, another secondary called SOFN priced at 33 when it closed at 38. that was a $5 discount or a sure 15% discount if u can short it.

If u cannon short is at the closing tick , do not attempt to buy from wit



To: kcmike who wrote (5135)6/18/1999 2:12:00 PM
From: eDollar.com  Read Replies (1) | Respond to of 16809
 
>> have NEVER seen a secondary get priced below the prior closing,<<

If this was not to happen nobody will buy them. They will buy from open market. Secondaties price at the same closing price or a discount to it