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Re: With an hour to go...

By: atomicbob in ROUND | Recommend this post (0)
Sat, 19 May 12 2:32 AM | 100 view(s)
Boardmark this board | De's Test Board 		Msg. 41225 of 45651
(This msg. is a reply to 41223 by Decomposed)
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Agreed! It trades terrible!!

Wonder how easy it is to short if the uw's are buying for support!!




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The above is a reply to the following message:
Re: With an hour to go...
By: Decomposed in ROUND
Fri, 18 May 12 11:58 PM 		Msg. 41223 of 45651

re: "It's looking more and more like it will close just above the IPO price of $38."

I wish I'd used that as the basis for my prediction!

With a minute to go, FB is hovering mere pennies above its $38 IP price.

And I've read repeatedly that the underwriters will not let it close beneath that point.

But look for FB to crash on Monday. Down several dollars at least. Today's behavior does *NOT* bode well for it.

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