FACE BOOK WILL HAVE 50% MORE SHARES AFTER NOVEMBER 14--ANY THOUGHTS?
They now have 2.17 Billion Shares outstanding.
On November 14, the Lockup release will contain 1.2 Billion Shares.
It seems that so far, the selling has recently been met by an equal amount of buying,and even though it seems impossible that FB could hold its price on November 14,could it be that the event is already being discounted?
I would appreciate any thoughts on this event.
Thanks in advance.
I have bought Facebook shares after every Lockup release my lowest price has been $18. I will be buying more very soon , in the face on of the lockout release . Facebook may go lower than $20 but after these lock-outs are finished and the last one is done . Facebook will be heading towards $40 plus
Supply pressure will push this MUCH lower. Most of the lockup are VCs and early investors, these guys want out, they are not in the business of holding for long term investments, they are in the business of financing start-ups. They WILL sell. To add to the problem, with the threat of Obama raising cap gains to 35%, it is in everyones best interest to get the heck out of FB now, take your loss / or gain for the year.
I'm betting FB will get to $19 maybe even $18 by end of year, but if everyone runs for the exit, it could easily be $15.
I don't mean the amount of shares, I mean the price.
All I'm saying, is it possible that the price of the stock at this time, is already discounting the amount of shares coming to market?
It seems to me that all of the buying, that has met all of the selling, is telling me it is a distinct possibility.
ie. Trump bought his shares last week.
I doubt very much (with his army of accountants) he would have bought now, and not waited until November 14. If he is buying a huge amount of shares, it would have been a lot easier to buy on November 14, as the Volume will certainly hugely increase on that day.