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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (87138)	3/28/2001 6:46:28 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

The Fact That The Stock, Upon The Commencement of Trading, Traded For Less Than The Issue Price Constitutes Grounds For Returning The Stock When the underwriter prices the issue they are giving an opinion, as a licensed professional, that the stock is in fact worth the issue price at the time of issue. That opinion carries with it the same type of liability that a lawyers or auditors opinion carries. There really was a time when when the last thing an investment bank would ever do is price an issue anywhere close to where they thought it would really trade. I'll even bet that you remember those times, Uncle Earlie. If I had the stock I'd hold it for a little while and see if it goes up - if not then return it.