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Strategies & Market Trends : IPO Boycott -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (28)	11/25/2000 10:29:00 PM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 61

GNOM(Genomica) has revenues for the nine months ended September 30, 2000 were $1.2 million The company has been valued by underwriters 350 mln$ Price/Revenue 100!!! ""CIBC World Markets Corp. acted as lead manager for the offering. Dain Rauscher Wessels and Prudential Vector Healthcare Group, a unit of Prudential Securities, acted as co-managers."" How they managed to pull this scam in October 2000? The same gang initiated coverage with buy ratings just a week after IPO when stock was already 30% below IPO price(19$) , since then GNOM fall to $8 … less than 2 month after IPO.