I don't see much comment on the 1.3 billion shares being unlocked this week (Nov 14th). With smaller lockups in past, the stock has dropped 6% that was with 5 to 6x less shares. What do people think is going to happen on 14th with this lockup expiration. I think much lower from here. I'd like to hear what you guys think. I have multiple puts on this but I appreciate anyone else input.
With so many shares unlocked on Nov 14th how can this sustain these levels at this price. You'll have retailers and many others selling along with companies that have their shares unlocked along with employees. This is gonna drop but how much is anyones guess. My prediction is we see a new 52 week low this week but after this week I'm not touching this stock.
Unlike the lust lockup expiration, this one is for the big dogs like venture capatalists and Zuckerbergs. These guys have a big stake in the company and want to see it succeed, hence they are not going to offload their shares in such a low price.
Actually their money has been tied up for years, and their cost is pennies. They will sell to take gains on this investment. Why take risk, they already won. All they have to do is sell. Anything more is just greed.
They will sell percentage of their position to get investment and then some back, might leave some to ride.
CNBC has covered this ad naueum with other IPOs. venture capitalists sell. Their task is done. I'ts not emotional, selling is what they do, then on to next venture. Zuckerberg is different, he wont sell, but i anticipate former employees and venture firms will sell. --of course i've been wriong b4. GLTA
Agreed. I added to my position at Friday close, will add more if it goes down from here. $17 seems like a floor. After this lock up I think we'll see a slow grind higher into next earnings date. No one will want to be caught short like last time.