Crazy run up....stock is traded privately from 26 and released to the public at 44. Nice test of 50$ even, and drop back to the mid 40's for the close.
This stock would have dumped like Facebook did, but I think the banks were out in front on this one...it had to go smoothly in order to restore confidence in the Goldman's of the world ability to make IPO's huge successes. That is why the pre-open runup went from 26ish to 44.
Rich get richer.
Never Make A Winner A Loser. Never.
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Crazy run up....stock is traded privately from 26 and released to the public at 44. Nice test of 50$ even, and drop back to the mid 40's for the close.
This stock would have dumped like Facebook did, but I think the banks were out in front on this one...it had to go smoothly in order to restore confidence in the Goldman's of the world ability to make IPO's huge successes. That is why the pre-open runup went from 26ish to 44.
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