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05-19-2012, 08:09 AM
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#11 |
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Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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The paper this morning is reporting that at several point throught the first day of trading, the banks that put the deal together ( including JPMorgan Chase and Goldman Sachs)stepped in to prop up the share price and keep it above the 38 opening price.
They can't keep it propped up forever. It will be interesting to see where it settles. |
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