Why even have separate stocks if you think they should all trade the same way all the time?
FB was "green" on Monday because it gapped way up after earnings, but it traded down 5%, and the trend was down most of the day. And yesterday, too. And today, so far. Get the picture? "The market" doesn't matter. What matters is that it was pumped up way too high in extended hours trading after a paper-thin earnings beat, and it has been selling off since then because the 25% increase wasn't justified. Also, because a quarter billion locked shares will become available for trading on Monday, and more than another billion on November 14. Given that the stock plummeted 7% on 8/16 when a quarter billion insider shares became unlocked, it's only understandable that many shareholders would want to run for the exits ahead of that.
Now do you get it?
What *I* don't get is why anybody would want to actually *buy* FB today. If you're determined to buy, then buy on Tuesday. Or better yet, wait at least a month.
im sure you know by now but the markets corrupt. last lockup cnbc pumped up fb for 3 days before the lockup. this one was earnings, nov. im really not sure. but theres alot of people (myself included) who have significantly bet on fb dropping after monday due to the EMPLOYEE lockup. 250plus million shares hitting monday, all employees. nov. 14 might not be as bad as it sounds, but theres a real strong chance this thing will be back to 20 or lower by next tuesday. those that agree bought puts, im sure the market makers will be shaking out some loose hands tomorrow though. if your nervous, either buy puts to protect yourself or look for a possible bounce up to shake out the weak and jump. if employees hold this thing will fly, if employees tank this like groupons did, it will be down over 10% premarket. You have to decide what your investing with, is it scared money? if this went completely against you are you ok or not? Scared money dies at wall street. No exceptions. If you want out, tomorrows it. If the lockup doesnt drop the price it will blow up on monday. Just depends on what you think will happen, almost like speculative trading. ...