Twitter's pre-IPO shares are already oversubscribed as their investor roadshows come to an end.
So it has attracted really strong Wall Street investor interest before it goes public in November (7th?). Which probably shows, as everyone said at the time, that the shares were underpriced (deliberately?) at 17-20 usd a share and selling 70 million of them, raising about a billion usd.
So all this means is that stockbrokers and investors see an opportunity to make money from Twitter, for themselves.
Those Stockbrokers (supposedly on behalf of clients, but they're not) that have committed to the stock from Wall Street, will now start sending out 'buy' recommendations, wait and see, to cover their own position. You're also hearing reports from Wall Street of potential upsides of +45% and target pricing of 29 dollars. Real positive PR follows pre-IPO activity like this to boost the price.
What they're doing, is convincing people to buy and thereby inflating the price and thereby making a profit for themselves. They'll talk it up. Watch it.
It's market manipulation, that's all, as they try to stir up enough interest to give themselves a gain. These boys will be offloading asap - same day probably - whilst encouraging longer term stayers - like you.
So now Twitter will probably price itself at the higher end of the 20 Dollar range and/or sell more than 70 million shares. So the pre-IPO investors will get an immediate return on opening day.
If you don't understand the market and the way it is constantly manipulated, stay a millions miles away. These people make money off your lack of knowledge and they actually call you 'mugs'. They are in it for themselves.
Either way, it looks like a real 'dot com' IPO. Already showing this level of interest, means it's going upwards on the day. But for how long?
Or it's another complete Facebook IPO sham.
(UPDATE - Twitter shares will be priced between 23 and 25 Dollars when it floats on the NYSE next Thursday)
(UPDATE - Twitter shares will be priced between 23 and 25 Dollars when it floats on the NYSE next Thursday)
No comments:
Post a Comment