After falling all the way to its IPO price of $38, Facebook (FB +8.9%) has bounced, and is now trading at $41.37. That's helped the NASDAQ, down ~1% at one point, head back towards breakeven. Zero Hedge notes over 30M shares traded at $38. "That's some serious underwriter buying," it quips. [View news story]
What's with the report from Fidelity that the FB trades have delayed??? They couldn't handle the volume?? How much has that affected the price and perception by the buyers. I put in a order, and then cancelled way after it should have executed... but the price wasn't going up!
After falling all the way to its IPO price of $38, Facebook (FB +8.9%) has bounced, and is now trading at $41.37. That's helped the NASDAQ, down ~1% at one point, head back towards breakeven. Zero Hedge notes over 30M shares traded at $38. "That's some serious underwriter buying," it quips. [View news story]