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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (1770)11/21/1997 2:33:00 PM
From: Michael A. Gottesman  Read Replies (2) | Respond to of 60323
 
Mauro:

I believe each of the underwriters are given a certain amount of shares which they peddle to customers. (usually prior to the actual offering the majority of shares are accounted for - assuming the pricing is right). But that may explain why the stock is teetering around 28 on the open market - that was the offer price on the secondary. The fact that the stock is remaining around 28 with low volume - I can only assume that the placement is not completed. If you can buy at 28, why go to the open market to buy at 28 -1/2?

Mike G.



To: OrionX who wrote (1770)11/22/1997 12:13:00 AM
From: limtex  Respond to of 60323
 
This is what I was trying to get at with my posts of Thursday. What is a fund manager likely to say (usually) when he answers the offer to buy?

What I mean is he the stock is promoted during and before the road show and then the stock sits at say (50 or 60 or whatever - for example only). Then the process of getting funds from the fund managers starts and ..... then over the few days concerend what is standard practice for the stock price?


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