Monday, 21 May 2012
Picture = 1,000 words
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.