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Topic | Stock Topic 7 |
red sox 777 06/23/20 3:43:49 PM #48: | Huh, all my stocks turned green for the day. With regard to AAL,they are offering new shares at $13.50. That should be why they're down today - why buy AAL on the market for $15 when you will probably be able to buy it from the company at $13.50. Well, that's a question for institutions and people who are able to buy a secondary offering - I think generally the new stock is not released directly onto the market. Like with IPOs it's a windfall for investment banks and their clients at the expense of retail investors. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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