i am sure, if ipo price at 38...most of our cost must be 38...any selling below 38 are selling at a loss?who are selling?
The stock is still overpriced by about 500%.
Those prime clients that can get in at 38. now its time to take a loss.Its a fair game. you want bet, you face the risk of loss.
There are so many reasons.Insiders paid far less than 38.Pump and dump manipulation by market makers. Massive churning of shares. Bait to get buyers.Retail investors selling at a loss (as others said, many reasons to do this, some tax-related) on what may be the last green day for FB for a long time.
insiders are not allow to sell right away.
sometimes taking a loss is good move.
This is it. Taking a lossnow is better than losing another $10 a share later.
none your business, because they can
i bet you too don't have an answer, you are right, it's not my business, but i like to learn and understand.