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divine, inc (DVIN) Message Board

  • planet0723 planet0723 Aug 4, 2000 3:09 PM Flag

    Institutions just

    bought big block after big block (20k shares)of DVIN. Can't wait until next week. This might be the last hour to get in at this low price.

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    • Investment banks typically defend their IPOs by
      buying on dips. They do this to protect the
      institutional buyers they convinced to buy pre-IPO. The
      investment bank has no intention of keeping these shares;
      they will mercilessly flog them to whomever they can.
      Regardless, they often end up with inventory of underwater

      Mark my words because this happens every time an IPO
      does not fare well. The investment bank will stop
      buying within three months of issuance. They are only
      willing to take so much risk in exchange for their fat 7%
      commission. Those blocks you are seeing are most likely the
      work of the investment bank. This artificial support
      will come to an end. Don't be left hanging.