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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (66441)	2/22/2001 1:53:53 PM
From: Bilow	Read Replies (2) \| Respond to of 93625

Hi Scumbria; Yes, Dave B was an insider on INAP, pumped it, wanted to sell it, but kept secret his motivation for holding onto the shares. The truly funny part about all this is that in spite of having shares at the insider price, and despite being buddies with the founder, he stupidly managed to end up with a losing position. If the guy can't make money with those kind of advantages, you wonder why anyone would listen to his advice on RMBS. Hey Dave B; If you were ethical here is how you could have been a little different on this: (1) Since you're intimates with the founder, you could have refrained from posting about it, especially in a public place. Insiders have motivations that are different from that of regular investors. (2) When you wanted to sell the stock (at $40, $80, and $10), you could have said that, instead of saying that you were "holding". Maybe people were relying on your judgement while they held, but you didn't tell them your true feelings, or your true situation with the stock. (3) When the trade turned out badly (at least so far), you could have taken responsiblity for the loser instead of blaming it on your wife's judgement. When you said you were holding, you didn't credit that to your wife, why give her the blame now? (4) Now that you're a rich boy, you can say that the lost money doesn't matter to you. What are you trying to do here, advertise yourself as a deep pockets for the lawyers? No, at heart you're an ethically challenged insider, though it does seem that you have realized at least a small part of what you did wrong. -- Carl

To: Scumbria who wrote (66441)	2/22/2001 2:28:44 PM
From: gnuman	Respond to of 93625

INAP Opened at $53 on it's IPO date- September 29, 1999 In fairness to Dave: InterNap doubles on first day of trading The Seattle-based firm rose 32.98 to 52.98 as 15.6 million shares were exchanged. The company now has a market value of $3.34 billion....... InterNAP Network Services sold 9.5 million shares at $20 each yesterday, raising $190 million for its 16 percent stake. The shares sold $1 above the top of the $17-to-$19 per share range set by Morgan Stanley Dean Witter, which handled the sale. news.cnet.com I don't think you had to be an insider to purchase at $20. I imagine a lot of people and organizations subscribed to purchase stock at the offering price. JMHO's

To: Scumbria who wrote (66441)	2/23/2001 12:10:01 AM
From: Dave B	Read Replies (1) \| Respond to of 93625

Are you an insider? LOL! Do you take the time to even follow the links when they're handed to you? I gave you a link to a post that explained exactly how we "helped" get the company started by bringing two old acquaintances together for a dinner (we thought they'd become social friends, not business partners). As it turned out, one had money and the other had an idea. Voila! In return, we were allowed to purchase 1000 shares at the IPO price of $20 under the "friends and family" plan. The stock split 2:1 since then so our basis on 2000 shares is $10/share. If you're still confused, I'd suggest you start at the beginning of the INAP thread and read it all. It's only 300+ messages. You can follow the pricing, splits, et cetera.