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8cd03gro · 08-04-2011, 06:10 PM

The IPO was way too high and investors are anticipating dilution of the float from the Fed selling it's holdings. To anyone with experience in the market, it didn't look like a good buy from the get go at $33. On top of that, the US economy is in a tizzy and investors are getting weary of keeping their money in stocks, hence gold being $1648/oz. Economists know we're in for a big problem in the near future, no matter how we handle our debt. In the long run, these may be good prices, but it's too far off to tell now and the Fed still has to sell a hell of a lot of shares into the float.

08-04-2011, 06:10 PM	#4
8cd03gro Drives: 2005 STi corn fed Join Date: Jul 2008 Location: Colorado Posts: 2,997	The IPO was way too high and investors are anticipating dilution of the float from the Fed selling it's holdings. To anyone with experience in the market, it didn't look like a good buy from the get go at $33. On top of that, the US economy is in a tizzy and investors are getting weary of keeping their money in stocks, hence gold being $1648/oz. Economists know we're in for a big problem in the near future, no matter how we handle our debt. In the long run, these may be good prices, but it's too far off to tell now and the Fed still has to sell a hell of a lot of shares into the float.