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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?


To: ALTERN8 who wrote (1466)2/23/2000 12:52:00 PM
From: $Mogul  Read Replies (1) | Respond to of 1884
 
not in this case.



To: ALTERN8 who wrote (1466)2/23/2000 12:57:00 PM
From: Susan Saline  Respond to of 1884
 
to compare ... BLDP announced a secondary when it was trading at the 70/80 area ...
take a look at the chart now ... it rose quite nicely from the 80's to 120/30 area
is this the same type thing?
biz.yahoo.com



To: ALTERN8 who wrote (1466)2/23/2000 2:07:00 PM
From: Spiderman  Read Replies (1) | Respond to of 1884
 
usually they do because of dilution (depending on the number of primary shares issued- which is 3.5M in ISLD case I think- but when you have an underwriter like Goldman Sachs lead managing the transaction, the stock typically goes up in anticipation of Goldman's research coverage and stock recommendation. In this case also, Merrill was added to the soup mix. The stock is an easy double from here.