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.
"$17 seems like a floor"...!? What are you talking about? Where is this number coming from? You probably were among the ones that set the IPO figures...
This lockup could be a disaster and send the pps in the single digit territory. There is no more floor when a stock lost almost 50% of its IPO value after a couple of months. Everything has been timed wrongly in this post. $40 billions in value were lost while the company is reporting a 12cents profit/share... Don't you all see it's a joke!!!??
Had the IPO been priced at $20, nothing would be surprising here.
Nothing has changed, the potential is still there and clearly Zuck is NOT going to let the stock fall from $19.21 to $14.
All Zuck has to do is have one 10 minute press conference on Nov 19th and say one word - SEARCH, and the stock goes back to $24. Who doubts that Zuck will do whatever it takes to keep the stock above $16 until the lockup is over? cmon, it's Zuck's company. He already made clear that he will act once the stock gets to $18, so the odds of it falling to $15 for any period of time are really low at this point.
If folks wanted to cash out they could have done so in the secondary market, and to cash out now if you bought at 20 or 30 dollars just makes no sense since the stock has met all its revenue expectations so far and is trading FAR BELOW the LNKD multiples.
Stocks generally move in anticipation of an event, ahead of the actual event. We should all know that by now, so it's pretty obvious that the drop from 24 to 19 since earnings is because of the lock up. At some point, this stock will turn and the smart shorts will cover and lock in their profits. Once the sellers that have to sell have finished, the stock should move back up so there is more up side risk than down side risk at these levels. Buyers of the stock this coming week should be rewarded by year's end in my opinion.
Oh come on. Its the Venture Capitalists who are MOST likely to sell. They might keep some stake in the company, but you can be sure they will want to turn a tidy profit right now. They are not in the business of leaving money sitting around for years and years. I'm curious about the floor too and 17 bucks is as good estimate as any. Do you think anyone BUT optimistic consumers have been buying recently? This is a HUGE expiration and I'll bet they are itching to sell.
Caught short? This company is run like a non-profit. Everyone should be short until it makes an actual profit.
It makes no money. Folks have been waiting a year to get out before the stock goes down to 9.
If you are so confident it will go up at expiration, BUY SHARES NOW!!!
Everyone know the laws of supply and demand force these shares to go down as new supply hits. It will go down every day next week and plunge the day the lockup release occurs.