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DisasterThis stock went up over 40% on the day of its IPO. It has been in a freefall ever since. It is now trading 10 cents above its IPO price. The underwriters cannot even get rid of the 8 million shares for this IPO. It has only traded about 5.5 million shares since the IPO, and some of those are most likely the same shares turning over in retail. Stay way the hell away from this one. It looks like a loser for the near term. The Street did not receive this one well. |
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Msg # | Subject | Author | Recs | Date Posted |
5 | Re: Disaster | BBMussy | 1 | 2/4/2011 5:15:53 PM |