alt Hacker NewsI get the sentiment that this is unscrupulous, however, isn't 15 days enough time to find the right price? Or will that not really happen until first quarterly earnings report, which will not occur within that 15 day window?
Replies
iTokio • today at 5:04 PM
No, IPO pops, and honey moon periods are common.
And there are plenty of ways to manipulate the price, such as issuing a low float to a hyper hyped stock..
FireBeyond • today at 5:04 PM
I mean the goal is that you have multiple earnings report to show sustainability.
Meanwhile some of these companies are also lobbying to be able to only have to submit annual or biannual earnings reports, too.
Everyone is looking for multiple ways to leave the dumb money holding the bag.
The fact that you know there’s a large pool of price insensitive buyers only 15 days away has to have some price impact.