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  • Josh Krause
    So much for the underwriters defending $38 on FB. 35 about to be taken out. Anyone long from Friday now almost 10% down.
    5/21/12
    Reply (5)
    • Josh Krause: 35 being defended. I guess MS and the underwriters are "averaging down"
      5/21/12
    • Paulo Santos: Market holding reasonably well in the face of it. There's a telegraph article saying that the underwriters have a high % of the stock
      5/21/12
    • Paulo Santos: But seems to me the article might be wrong. I'll have to look further.
      5/21/12
    • Josh Krause: Now 34. Every flat dollar amount is being run through to catch all of the limit buy orders, once those are exhausted, sell off resumes.
      5/21/12
    • Paulo Santos: I wonder for how long will AMZN float on an even higher multiple and worse fundamentals :-)
      5/21/12