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RL

8 messages,  Last post on Mar 11, 2008 at 4:39 PM

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What is this discussion about? Automotive News, Future Vehicle

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#1 of 8 RL by supra4

Mar 11, 2008 (3:55 pm)

Why do you think the RL is trading so low?

#2 of 8 Re: RL [supra4] by mikedrud

Mar 11, 2008 (4:14 pm)

Replying to: supra4 (Mar 11, 2008 3:55 pm)
Considering that it IPO'd at $6.75/share, it's actually trading very high. I think that it hasn't raced up to $75, let's say, because traders now see the Forecast column and realize that if it gets ridiculously high (which you could argue it is right now) people will rush to short or sell.
 
I think the market is still trading too high, but it's slowly starting to settle down.
 
I cannot say for sure, but those are my two cents. The volume has been through the roof on that stock, so a fair number of people are day-trading it and shorting it.
 
Best,
 
Mike
CSX Game Supervisor

#3 of 8 Re: RL [mikedrud] by chung

Mar 11, 2008 (4:19 pm)

Replying to: mikedrud (Mar 11, 2008 4:14 pm)
Because of the shortage of the stocks, we should do a dutch auction until we get enough stocks to prevent skyrocket price. (Although I was part of the reason)

#4 of 8 Re: RL [chung] by mikedrud

Mar 11, 2008 (4:27 pm)

Replying to: chung (Mar 11, 2008 4:19 pm)
I saw this suggestion earlier and will discuss with our developers. It's an interesting notion. I will follow up before the next round of IPOs.
 
Thanks,
 
Mike
CSX Game Supervisor

#5 of 8 RL Craziness by estreka

Mar 11, 2008 (4:27 pm)

Well, there it went. I just sold for $90/sh and ended up buying at $15/sh. Wow.

#6 of 8 Re: RL Craziness [estreka] by doctorlove

Mar 11, 2008 (4:31 pm)

Replying to: estreka (Mar 11, 2008 4:27 pm)
That was me, tried some stress testing to see what the result is.

#7 of 8 Re: RL Craziness [doctorlove] by estreka

Mar 11, 2008 (4:34 pm)

Replying to: doctorlove (Mar 11, 2008 4:31 pm)
If you want to do it again, lemme know. I was briefly in the coveted $4mil club.

#8 of 8 Re: RL Craziness [estreka] by chung

Mar 11, 2008 (4:39 pm)

Replying to: estreka (Mar 11, 2008 4:27 pm)
what happened?

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