Seeking Alpha

Well, that was quick: Facebook (FB -6.2%) has crashed through the $20 level on the day of its...

Well, that was quick: Facebook (FB -6.2%) has crashed through the $20 level on the day of its first lockup expiration, and is near its post-IPO lows. Other recent consumer Internet IPOs are also feeling the pain: GRPN -6%. ZNGA -2.6%. YELP -1.4%. (earlier)
From other sites
Comments (13)
  • Sebanightwish
    , contributor
    Comments (1063) | Send Message
     
    Given today with Facebook falling heavily on the lock-up expiration in more than 200 M shares would have to consider acquiring new shares in Facebook in December. Then in November will take place on lock-up final total of 1.15 B shares, that number will surely sink much prices. Only in December when all cards are drawn, there will surely be defined by entering the company, which gave hope to both Wall Street, disappointing in the same way on 18 May
    16 Aug 2012, 10:41 AM Reply Like
  • montanamark
    , contributor
    Comments (1442) | Send Message
     
    just yesterday the street was telling the muppets to join soros and "smart" hedge funds
    16 Aug 2012, 10:49 AM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    (FB) Director Thiel SEC filing
    converting 9 million shares from voting to selling
    indicative of massive insider selling time to exit stage left.
    Henry Blodget says $13 next stop
    Our Puts up 100% in 2 hours.
    16 Aug 2012, 10:55 AM Reply Like
  • mjk0259
    , contributor
    Comments (766) | Send Message
     
    Too bad you probably don't really have any. No puts went up 100%.
    It's good to see you progressing from making a mere 600% a week to doubling your money in hours though. All hedge funds must be studying your comments on here.
    16 Aug 2012, 02:13 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2667) | Send Message
     
    The August21 puts closed yesterday at $.50 and closed today at $1.16....
    16 Aug 2012, 04:42 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1696) | Send Message
     
    August 21 puts are now $1.97....wow!!!! Almost a 300% return for someone who bought them on the 15th. Insane.
    17 Aug 2012, 02:28 PM Reply Like
  • RycheMykol
    , contributor
    Comments (352) | Send Message
     
    Thinking about buying some Dec12 puts now.
    16 Aug 2012, 10:58 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2667) | Send Message
     
    I'm rolling my puts from Aug24 to sept17's now.
    16 Aug 2012, 11:04 AM Reply Like
  • Wall Street Smart
    , contributor
    Comments (474) | Send Message
     
    Only about 10% of stocks out of lockup period. If all 2 bn stocks hit the amrket this goes to probably like 10 bucks.
    16 Aug 2012, 12:37 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (2815) | Send Message
     
    Theres many types of insiders though. I feel the employees who've been at FB for years and are up 1000% on there original stock will sell. Big dogs like MSFT whoa re in for longer term obviously won't. The question I have is how much of the extra shares are held by actual employees
    16 Aug 2012, 12:59 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1696) | Send Message
     
    cwr83, Microsoft already sold over $200M of stock at the IPO if I recall correctly. They basically recovered their initial investment. Whatever is leftover is a bonus.
    20 Aug 2012, 11:25 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Don't forget all those Instagram employees waiting around to get shares....
    16 Aug 2012, 02:40 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1559) | Send Message
     
    Facebook = MySpace? They better monetize their eyeballs and start putting those popup ads like MySpace did... perhaps MySpace was right after all about ads.
    17 Aug 2012, 02:07 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs