when everyone knows upcoming facts. Why would anyone want to buy this before Aug 16. Whoever wanted FB stock, got one. Whoever didn't want it, would naturally wait until Aug 16 to get in. So who's buying and why?
It's called a head fake, sucks people in by making them believe the stock is heading North, then bam... The hammer drops. Helps the short position to pick up a few dimes, a textbook play when the Sharks smell blood.
Someone was hoping for a pop if the Groupon results were going to be positive; however, I think the earnings dissappointment news got out a bit early this pm that they missed targets!!! After hours big time hair cut for GRPN--down 18% and falling.
Wonder what the open tomorrow will be for FB...would not bet the farm on any kind of upside pop, but more likely a falling knife! (:(