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To: RockyBalboa who wrote (1123)12/4/1998 3:46:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 1634
 
Christian, I agree. I think the large discount today was created in part by longs who are taken by complete surprise, become disgusted and just want out. The discount should narrow next week. Before the IPO, the bet was on UBID price. Now the bet will be on the discount rate. Game is not over.

Regards,

Tom