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nuevojefe - 9:23 am on Sep 30, 2004 (gmt 0)
If that's the case then it's probably because as someone had said there is (may be) a lock time in which certain people cannot sell their shares.
(I'll also say that I am pretty sure lag time was created in part to help stabalize the serps pre-ipo. Why it contunies to exist is more puzzling.)