Re:Pandora Pop Is Gone Day After IPO
by cagenut on Thursday June 16, 2011 @11:47AM
(#2661729)
This is a good thing
One of the lessons people seem to have forgotten from the first bubble is that the opening day "pop" is a manufactured scam by the ibanks so that their insider/selected clients can flip some shares for quick buck. You don't want a pop, a pop is bad.
An IPO'd stock actually trading at its priced value a day later is a sign that the banking advisers actually did their job right in pricing it.
One of the lessons people seem to have forgotten from the first bubble is that the opening day "pop" is a manufactured scam by the ibanks so that their insider/selected clients can flip some shares for quick buck. You don't want a pop, a pop is bad.
An IPO'd stock actually trading at its priced value a day later is a sign that the banking advisers actually did their job right in pricing it.