Last year it was eToys Inc. This year it's Palm Inc. A hyped-up tech company goes public, and its stock roars, doubling or tripling in hours. Then comes the fall back to earth. eToys soared from $20 to $80 in a day, but now it's dragging along at about $12. Palm zoomed to $160 one day and plunged to $80 the next. It's the IPO roller coaster. But for people who buy shares at the peak, the gut-wrenching slide makes them see a different kind of green.
展开▼