Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (3088)	4/17/2000 6:31:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 3339

The old line companies have been buying back their stock for months now. From where I sit, it's the new companies canceling all their secondaries that tells me the bloom is off the rose. Talk about legalized robbery; IPO a few million shares at $12 so you can do a secondary for 7 million at $60 or higher, when the spotlight has passed. Maybe some of the money chasing crazy secondaries will come back to more reasonably priced stocks. The next thread should be titled "The Stock Market Shakeout" as the next generation of winners makes it through the storm and the carcasses of the rest pile up in a heap.