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


To: Lane Hall-Witt who wrote (381)11/2/1999 4:10:00 PM
From: lebo  Read Replies (1) | Respond to of 598
 
The secondary was second biggest exit for the core shareholders. Therefore the 4 firms have already supported their big clients. Do you think they give a damn about us (their small clients)? IVIL is going nowhere in the near future. The company has failed to carry out what it set out to do. I see a major correction in the Nasdaq and strongly believe that this could be a teen stock.
Also when 10% of the shares are short, that's a negative indication right there. I have trouble finding an internet company with a 10% short interest. Let me know if you know of one.
Good Luck
No position in IVIL



To: Lane Hall-Witt who wrote (381)11/4/1999 2:47:00 AM
From: Andreas Samson  Respond to of 598
 
>>You're essentially betting that four of the most reputable underwriters on Wall Street are going to let their clients hang out to dry. I wouldn't like those odds.<<

Not that I disagree with your position, but I believe some of these same names were involved in the Hutchinson secondary in February, executed at $45 at the top of a spike, after trading in the twenties for a full year. HTCH swiftly returned to the $20's, where it has traded for most of 1999.

Seems to me, secondaries are a way of wringing more money out of a slumping stock. Strong companies split their shares.