hi oz-eJust checked my allocation...youch, what a cutback.This...

hi oz-e

Just checked my allocation...youch, what a cutback.

This means of course to state the obvious the ipo was heavily oversubscribed. Though I don't remember an ipo with such a cutback.

I expect it also means a lot of people will be left with an allotment that probably isnt worth holding onto, and therefore may want to sell.

The stock will stag, but the selling as above may have a dampening effect.

Which is fine by me as im keen to get many more as cheaply as possible and load up on those options later on.

Cdchi1