Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

"it is not in the big brokerages interest for this to go well so i look for them to pull in any favors they can to see taht it doesnt."

although i've been wondering what this new addition is, the allocation of a few million shares to the underwriters for "overallocation". maybe now, behind the scenes, the underwriters are doing what they normally would have done, just using the mechanism of the auction to place the bids?

the biggest mistake google made was to insist that the whole process was meant to make sure there was no pop when the shares opened. that made it entirely pointless for anyone to want to participate in the ipo: why buy when you have less information, just wait until it starts trading ...