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Technology Stocks : iVillage (IVIL) -- Ignore unavailable to you. Want to Upgrade?


To: Lane Hall-Witt who wrote (375)11/3/1999 2:10:00 PM
From: Rommy B.  Read Replies (1) | Respond to of 598
 
Goldman Sachs, Credit Suisse First Boston, Hambrecht & Quist, and Merrill Lynch got the secondary off at 28 a week before earnings. I don't think these blue-chip underwriters would have done the deal at this time if earnings were going to disappoint

That's a good point. EFTD also tanked before earnings only to rebound after earnings, and of course KTEL today... Of course this is not a guarantee by any means, but for the fun of it I purchased some shares today at 22 9/16. With so many shorts looking for an easy kill, it won't surprise me if the MM alone will cause a rebound to kick out some novice shorts.