RE: is this us?Last Friday Dec 11th, Autres888 alerted us to an IPO to happen on Tues Dec 15 for Northstar Healthcare Investors Inc. It was to be listed on the NYSE as ticker symbol NRH.
I Googled the IPO tonight and found references to the pending IPO by hundreds of newspapers and blogs, but NOT ONE reference to say it actually happened and to say how much of their target $200 million they succeeded in raising. I also looked for the NYSE listing tonight for NRH in Reuters, Google Finance, The GlobeInvestor site, etc. NO LISTING.
However ... on Monday, two guys each bought 20,000 shares of NHC, driving the price up from 92 cents to just over $1.00 ... then it appears on Thursday, they dumped the 40,000 shares, driving the price down to 92 cents again. I guess they bought in case of a takeover announcement by NRH of NHC using NRH's spare cash.
Maybe they were a bit premature in dumping the shares if the IPO got delayed to next week. ;-)
Changing the subject: Does anyone think there is still tax-loss selling going on? Is anyone out there willing to admit they sold NHC in December for tax purposes?