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Message from discussion Cramer made a rectification about DGI
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pavelsd...@gmail.com  
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 More options May 25 2009, 4:13 pm
From: pavelsd...@gmail.com
Date: Mon, 25 May 2009 13:13:12 -0700 (PDT)
Local: Mon, May 25 2009 4:13 pm
Subject: Re: Cramer made a rectification about DGI
Booya to the Cramer's lemmings! LOL

On May 24, 3:14 am, louis1charl...@hotmail.com wrote:

> Jim: What happened to DigitalGlobe I picked up the stock in the range
> you suggested, between $20 and $22. Since its IPO, the stock has been
> down everyday. I was wondering if you could enlighten me on why and
> how come this is happening. The company looks good. I don't
> understand. --Dennis

> Cramer says: “First of all, GeoEye reported a bad number right around
> the time of [the IPO]. That knocked it down. What I was trying to do
> was get you in the IPO, not pay $20 to $22. I was trying to get you to
> go to your broker and say, ‘Listen, I’m willing to pay $22.” That way
> you would get what you wanted, if they priced it below. They did, they
> priced it at $19. So the idea was, not to pay $22 when everyone else
> is paying $19, but to actually get it at $19. If you didn’t get in on
> the IPO, then it wasn’t worth doing…because I said above $22 there’s
> just too much risk and not enough reward. So I apologize for those who
> got confused. But my $22 top was so that you got in on the IPO priced
> at $19. Not so that you went in the aftermarket…I do not recommend
> ever buying these IPOs in the aftermarket. The idea is to get in on
> the IPO – not to pay up after.”


 
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