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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (40004)11/27/2000 3:21:01 PM
From: Jacob Snyder  Read Replies (3) | Respond to of 70976
 
re:Not only was the Street wrong, but the IPO business was legal racketeering conducted by the Street.

Define "wrong".

When an analyst set a 500$ price target for a dotcom that his employer took public, while they sell (to retail investors) the stock they got pre-IPO, is that wrong? From their point of view, this activity (an immense tranfer of wealth from retail investors to the Street and venture capitalists) is very very right.


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