Total Members Voted: 71
...selling at the open would be more like a 12k profit but I understand your point.
FB wasn't up 15% from IPO price at any given point. I also omitted that he'd be sharing 25% of any gains with the person offering him the option (this was yesterday at 3:30pm, there wasn't enough time for him to find his own way in).
On a side note I guarantee the underwriters are doing everything they can so this does not close under the IPO price.
And I hope they pay dearly for hyping this overvalued stock.
That does make a difference. On a side note I guarantee the underwriters are doing everything they can so this does not close under the IPO price.
When the stock fell to $38 on Friday morning, traders say the IPO's lead underwriter Morgan Stanley stepped in to prevent the price from slipping below the IPO level.
From Facebook's perspective, a small increase in the stock shows it was priced perfectly for Zuckerberg and early investors, who pocketed maximum gains and left little of the easy money on the table.
And in a year from now we will hear a bank has to take a big loss on this fb pumping
+1...seems like the whole ipo was just an opportunity for the initial investors to cash out...smart money will wait until it comes way down to realistic valuations and then maybe get in
Lock-up period.
What are you talking about? Accel partners, Peter Thiel, James Breyer, and other early investors (partially) cashed out on Friday.
but every fund manager and most retailestors who bought early have a lock up period of 90 days
wouldnt surprise me if FB will turn down like GRPN which now looks attractive at $12/share....
GRPN was the most obvious short candidate I can ever remember.
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