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  • kg2931 kg2931 Apr 26, 2000 11:58 PM Flag

    FBCO is a whore lead underwriter...


    PALM IPO was
    originally targeted for $38 but then by the time the opener
    came investment bankers and media (primarily CNBC)
    hyped it to $140 on the opening bell. Went to $160
    first 3o minutes of trading then progressively fell
    below 120 same day and below 100 next day. Now sitting
    at $28! I'm holding 1000 shrs @ $140. This could
    have been you!

    Investment bankers and media are
    very nuch responsible for IPO over evaluation whether
    it's to raise money for the co their promoting or not.
    It should be more tightly regulated by the Feds.

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