|
PureBytes Links
Trading Reference Links
|
Stan,
Rules ..... ask DLJ what their "policy": is. What you looking at
is an issue of policy not rules. The Commission has been pretty active
attempting to get the firms to eliminate all restrictions on flipping.
Stan Rubenstein wrote:
> This is about Initial Public Offerings.
>
> I recently obtained, strictly via an on-line process,
> hundreds of shares of the DLJdirect tracking stock
> (symbol DIR) at the IPO price, 20/sh, mainly
> because I've been a long time client of DLJ direct.
>
> Although I don't intend to flip or take a short
> term profit (DIR ended Friday at 42/sh) does
> any one in the group know the Rules
> governing support of the stock by the
> underwriting syndicate?
>
> I have a concern that the stock's price
> might plunge once the underwiting syndicate
> terminates its commitment.
>
> However this IPO is unusual in that the lead
> underwriter, DLJ, is the parent company of
> DLJ direct.
>
> Looking for informed opinions.
>
> Stan R.
|