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Technology Stocks : Official Payments Corp. (OPAY) -- Ignore unavailable to you. Want to Upgrade?


To: Tie Zeng who wrote (5)11/23/1999 2:20:00 PM
From: Glenn Petersen  Read Replies (3) | Respond to of 50
 
It is not unusual for the parent to sell off on the day of the IPO. IMP was about $18 per share when OPAY initially filed its IPO and has had a nice run up. There may be some disappointment that OPAY did not pop higher. This is a variation on the old adage of "buy the rumor, sell the news." Regards.