Last Friday was price support day from the underwriters who kept the price at $38 a share. But this is a brand new week, price support is off and FB share price is down 13% in the first 45 minutes. That's a $13.5 billion loss of theoretical value.
There goes nothing. Hope you all took my tip last week and shorted.
2 comments:
Fun being right isn't it! Just wish I'd had some cash in my account to short it.
As it happens I had to take it all out and buy a car ready to move to Scotland for a new job.
But 3 months later and the Scottish equivilent of the CRB still haven't given me the green light and I could be cashing in rather than handing my cash over to BP and Shell!
Bugger!!!
Nice one, it did all look too good to be true.
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