Will the 90s Ever End?

I think we have a full mania on our hands.

Jim Cramer has already said that LNKD’s valuation is crazy. Earlier today, Barry Ritholtz posted a list of prominent IPO runups between 1975 and 2006.

I scanned the list and the biggest one-day pop seems to belong to theglobe on November 13, 1998. I had completely forgotten about them. The stock was priced at $9, got as high as $97 and closed the first day of trading at $63.50. Then in May 1999, the stock split 2-for-1 (why?). By 9/11/2001, theglobe was worth less than 10 cents per share. The company ceased operations in 2008. Today the shares are on the Pink Sheets going for 0.2 cents per share.

Posted by on May 19th, 2011 at 2:57 pm


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