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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: SteveDavis who wrote (11384)3/25/1999 1:43:00 PM
From: AlienTech  Read Replies (2) | Respond to of 43080
 
>>SRNA: Did they raise the offering amount of shares prior to IPO? I dont remember but I am long 3K of SRNA. Also, dont think they had a high premium to open price. <<

Sorta, There is always room for over-alloctment and H&Q bought 700K of it. But they also sold a bunch below 13 which was the offering price. I did try to get them to sell me some shares at 11 3/16 :>



To: SteveDavis who wrote (11384)3/25/1999 1:57:00 PM
From: LastShadow  Read Replies (4) | Respond to of 43080
 
ONEM

Increasing the amount of IPO shares by half a million shares does not imply institutional buying. Looking at the intraday doesn't show any significant large buys. Number of trades indicates itsbeing driven by retail sales, not funds.

lastshadow