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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: bc_mack who wrote (483)6/24/1999 1:42:00 PM
From: Robert  Read Replies (1) | Respond to of 1413
 
IMO the problem with the IPO is that TD got greedy, and decided to take all money off the table, rather than leave investors with some gains on the first day of trading. These people aren't stupid, and it is no accident that they anticipated a top for the stock in the neighbourhood of $24US. It would have been much better PR for them to leave investors with a warm fuzzy feeling. However, they opted for pure greed by increasing the number of shares and upping the price.....Robert