Cramer bashing many of the hot ipos early this morning,
well done Cramer some one has to speak up !!
bashing the structure of the deals, allowing monster amounts of inside stock to free up too soon, valuations, the RISK to retail etc. He is finding religion so I have to give him credit. Now he has to man up and get DISCLOSURE with respect to WHO gets these hot ipos ? what % goes to retail accts , what % are up 120 days after the closing date and the first days closing price ? FB was a miracle, well done to team FB, lets see how many others can make real companies after the ipo pump and dump is completed ? WHO buys these on the open with WHOSE money ? Get to work Cramer I can learn to love you yet, but today is a great start , well done.