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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tom Rollins who wrote (25970)	2/12/1998 7:04:00 PM
From: Knighty Tin	Respond to of 132070

Tom, There are plenty of manipulations that are totally legal and common in an offering. The investment banker is charged with selling the shares and maintaining a stable market. With a small float like this, it is almost impossible for an outsider to short, if he has half a brain, so the stock tends to drop in front of the secondary and go up after it hits the tape. The key is who the banker is. If it is Goldman or Morgan Stuck-Up, try to get a piece. They will push the sucker down to dump their allotment and up on print day, and for some time after that. If the banker is a Janney or AG Edwards, they may want to do the same thing, but they won't put the money behind it to insure it works like that. MB