BIDU cut in half and noone in the media reports it.

[zdreg]

Quote from SteveD:

Their stock is restricted as to when they can sell. If it is a "dog" stock could be at $10/when lockup period expires.

Don't understand what you mean by "dumped". There are no extra shares just laying around, LOL. All shares are very definitely accounted and sold to someone at the offering price of $27/share.

I suggest you get a prospectus and read it over very carefully and it will help you understand the process better.

Good luck


SteveD

+ your own words
And, remember, the MM also has a lot of inventory of IPO's that dropped from the first day. Very few like BIDU.

my words-any excess or unwanted inventory is dumped in normal MM operations."

i suggest that you read up on marketmaking. it will prove helpful.
i will read an ipo prospectus to review how overallotments are handled and market stabilization is handled.

good luck.

 

[mailman]

Hi,

I am new here, and new to trading.
Where I can read more about mming/ mm operations ?


Thanks

 

[mdl060374]

Quote from mailman:

Hi,

I am new here, and new to trading.
Where I can read more about mming/ mm operations ?


Thanks

use the "search" function in the upper right hand corner of your screen.

I used to be a nasdaq Market maker so ask me if you have any questions about that. Makret making for equities especially nasdaq has been all but eliminated due to the popularity and low cost of ECN's...