Re: [VANILLA-LIST:2949] Netrek announced on Freshmeat

[Dave Ahn <ahn@vec.wfubmc.edu>]

On Thu, Mar 09, 2000 at 09:54:17PM -0600, sheldon wrote:
> 
>  If you're involved in an IPO you are restricted from reselling the stock
> for some period.

Usually not for people in the Directed Shares (also known as Friends and
Family) Program.

I know some folks who sold their shares at 290+ within the first couple of
hours.  Same situation with Red Hat Directed Shares participants.

>  If you look at the stock value for VA Linux you'll see spikes at 30, 60, 90
> days as people sold off.

Yes, this is true.  Employees and other insider investors usually have
minimum holding periods.  Directed Shares participants are usually considered
to be outsiders, though some do require a minimum holding period.  That
wasn't the case for RH and VA.

-- 
Dave Ahn <ahn@vec.wfubmc.edu>        |  "When you were born, you cried and the
                                     |  world rejoiced.  Try to live your life
Virtual Endoscopy Center             |  so that when you die, you will rejoice
Wake Forest Univ. School of Medicine |  and the world will cry."  -1/2 jj^2