Bob tells his broker to buy 100 shares of stock in every IPO that comes along, regardless of the issuer, because he has heard about the tremendous price Increases in the first week of trading, Bob will likely 05 Multiple Choice Lose money, on average, because the most underpriced issues will likely be oversubscribed Lose money, on average, because he wil tend to get few shares from overpriced issues Losses on bad purchases. Make money, on average, because underwriters typically underprice new issues Make money, on average, because issues tend to be oversubscribed, allowing him to cover his