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walldiver

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walldiver

Re: egomaniakos post# 3938

Thursday, 05/31/2007 7:31:02 PM

Thursday, May 31, 2007 7:31:02 PM

Post# of 12660
I would imagine we saw massive short covering in the early hours, then more shorting as it went up into the low teens, and more shorting on the way down. If the company does not price their secondary ASAP, then they don't deserve to hit stat sig on the interim look. Raising ~$50mm now means that you won't be hammered down immediately before the interim data release. Raising >150mm now means you can restart the pipeline.
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