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Sunday, May 22, 2011

Was LinkedIn Scammed?

A good article from The New York Times:

"There is nothing wrong with a small “pop” in the aftermath of an I.P.O.; investors, after all, don’t want to buy a stock that is going to go down immediately. But during the Internet bubble of the 1990s, the phenomenon of investment bankers wildly underpricing I.P.O.’s so that money could be diverted to favored investors got completely out of hand — stocks would sometimes rise 500 percent on the first day. It was obscene."

Read the article here.

On a personal note, thank you to everyone for your support and kind messages. They are very much appreciated.



Flowtastical said...

Great to hear from you X. Your community supports you.

Michael said...

You bet Trader-X. Thank you for keeping this site running!