a question to the forum

G'day all,

This continues to baffle me and yet i see it time and time again?

With new floats etc. why are there so many people keen to get out?? Example PHL today. I'm wathcing the trading and there is so many orders keen to sell, at well below the price of 25 cents (issue price).

Then when buyers build up and it looks like it's going to run the sellers just smack it down again. Surley they must hold stock at a much lower price that the public issue price?

DOC