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ON Semiconductor Corporation Message Board

  • marketposition marketposition Sep 26, 2003 4:12 PM Flag

    Gapped down again at the bell

    Damn this going in the toilet quickly.

    At this rate, we'll be back at $1 before Halloween and buying season. Oooh..wouldn't that be a treat.

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    • the stock has help up admirably well considering the 30 mil shares have now already been dumped into the marketplace. this has been done over 5 days, putting and average of about 10 times as many shares as normal in play each day.

      tpg strategy seemed to have worked pretty well.

      • 1 Reply to mydogknowsmorethanme
      • mydogknowsmorethanme,

        That's a ridiculous assumption you are making. Here's why:

        1. This stock hasn't held up for shit. <20% increase in shares and it's almost dumped 50% from it's $6.39 high. In fact, when they priced that stock at $4.50, they were already taking into account the affect of added shares.

        2. The fact that it hasn't already plummeted to $1 probably has something to do with whatever secret handshaking gentleman's agreement to hold onto the shares for a certain period of time. One has to wonder what type of kickbacks the brokers who bought the shares got from their friends at JP Morgan...maybe just a reach around for the next time the other tries this little stock holder circle jerk.

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