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Technology Stocks : NEON Systems, Inc. (NESY) -- Ignore unavailable to you. Want to Upgrade?


To: JC Reddy who wrote (20)3/11/1999 10:32:00 PM
From: mitchell finegold  Read Replies (2) | Respond to of 91
 
the underwriters will only support the $15 price <the underwritting price> Afterwards they dont give a damm as long as it over that. Their support can be for days or a week or two till they get all the funds in and distributed.The MMs are the ones who support prices based on their position in the stock.And these guys have very few shares of it based on the trading I see.As a lucky person who got shares on the underwrittng and bought more shares later, I know I still Have the original shares and trade the $25 ones I aquired later. How many other people have sold their $15 shares? Most will hold till the 30 day quiet period is up ,if they want shares in other underwrittings in the future.-- Unless they are a large fund.Just a brief explaination