SI
SI
discoversearch

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 : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: johnsto1 who wrote (101998)5/2/2000 12:14:00 PM
From: Marshall001  Respond to of 108040
 
Final Conclusion.. CIBC sucks as an underwriter.. They were just sitting on their own IPO VLGC at 8 1/8 for 20 minutes.. Then after they run dry on buyers, they pull the offer and then drop the bid to create a sell-off. Now we are a full 1/2 point down on relatively thin volume. They don't have much room to wiggle here, they priced this thing at 7. You'd think they would be driving it up here.

Only thing that I can think of is that they are trying to buy it up.

M