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Ikanos Communications, Inc. Message Board

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  • lemonyelow1 lemonyelow1 Feb 10, 2006 9:41 AM Flag

    Citigroup dumber than Britney!

    Lot of truth in what you wrote.... But think about it -- maybe, you got burned too bad in 2000 to be logical, but try to be RATIONAL.

    Citi -- both internally & externally -- "enjoys" way too much visibility for your cause and effect to be valid.

    And while IPO's often do well on day 1, the picture is a lot more mixed thereafter. Especially in a frothy market, those "weasel words" that boil down to "never made a dime, may not, at all, ever!" aren't just there to immunize iBankers against lawsuits. They ARE reality, and Citi just might have smelled something rotten and not participated in the IPO by choice.... And for an analyst to have a hunch that the stock would double from its IPO price in 24-48 hours and make a darn good short at that point is perfectly reasonable.

    But mostly your argument is absurd because IKAN DID have a lousy first month post-IPO and underperformed after getting back to 15 for another period of 3-4 months.

    Finally, don't assume that Citi turned -- publicly or privately -- less bearish the day you read it.... The Yahoo services that process earnings and opinion outlooks are pathetic, both in terms of accuracy and currency.

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    • bourbon_on_my_cornflakes bourbon_on_my_cornflakes Feb 10, 2006 1:35 PM Flag

      Maybe, you got burned too bad in 2000 to be logical, but try to be RATIONAL, lemon.

      <Citi -- both internally & externally -- "enjoys" way too much visibility for your cause and effect to be valid.> To much visiblity to have a bad analyst, LOL, every brokerage house has some loser analysts.

      <those "weasel words" that boil down to "never made a dime, may not, at all, ever!" > don't of course apply to a company that is making 25 cents a quarter.

      <for an analyst to have a hunch that the stock would double from its IPO price in 24-48 hours and make a darn good short at that point is perfectly reasonable.> Except that this doesn't apply to IKAN...the stock stayed near its IPO price initially, when dimbulb made his call.


      <Citi just might have smelled something rotten and not participated in the IPO by choice.> the bank that loaned $billions to Enron? LOL
      I have a lot more faith in the SEC, which approved the offering memorandum, that Citi.

      <But mostly your argument is absurd because IKAN DID have a lousy first month > Yeah, before the market decided to discount Citidolt's report. Besides the analist is supposed to forecast stock prices for the next quarter and next year, not next day. LOLOL

      Fact is the citidolt analist just blew the call.

 
IKAN
2.165-0.060(-2.69%)May 22 4:00 PMEDT