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I'm sensing deja vu here with the PALM ipo from several years back. It's a beautiful thing to see a short position go straight down 20+ points in a half hour. Rest assured that the syndicate will be heavily shorting against the green shoe.
Seems like prices will be much lower than they were hoping for. Investors have been burnt earlier and have become wiser.
My view of latest development my revised numbers are
PS What happened to that S&P analyst asking people to bid at $110. Or many such Wall Street analysts who thought the fair price was $100 or more.
1) They will price it to make sure it goes UP
I think they did indeed price it to make sure that it went up. And it did.
If someone was closer, no problem, but I'm not going to the trouble of figuring it out :)