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

To: lebo who wrote (382)	11/4/1999 2:34:00 AM
From: Andreas Samson	Read Replies (1) \| Respond to of 598

lebo, talk me through your argument here. Last Friday IVIL is trading at 29.5, they announce a secondary at $28. The stock dives in heavy volume, falls into low twenties over the following week. How would the $28 secondary be an exit point for the underwriter's clients? It couldn't possibly be profitable. Lane's argument that $28 is a benchmark of support sounds reasonable, in theory. Of course, why are we at $23? When do/did these new shares hit the market anyway? Was last Friday the day?