fastrunner I see this comment time and again about IPO holders selling,
I am an IPO holder and I can tell you it was very vert tight getting IPO stock, you had to know one of the brokers either lead manager or co lead manager to get much at all, and most who got would have been 708's
Now we put money into this around July, why would I be selling at near all time lows, I have been buying more stock now selling can I can see this 3 or 4 times this price on 1 or 2 decent contracts and then the real game starts,
Who said daytraders cannot buy for 60 and sell for 50, some of them do this time and again, more so credit buyers,
If IPO holders were to sell they would have done so first week or 2, IMO,
As for your comment about substantial holders selling, they have to declare it to the market if they are no longer they are no longer substantial holders and we have seen none of that,
When I say I haven't sold, I have traded but have 4 times what I got in the IPO now,
Hope this helps to explain.
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