You didn't know? All you fools who have been going on and on about the lockup expiration as if EVERYBODY ELSE didn't already know about it? Don't you know the street looks forward? Don't you know to avoid the obvious, especially when it's been telegraphed for 6 months?
I bought @ !9.00 and change. 20,000 shares. Obama the dear leader, my tax will pay for your queen's next travel adventure and new clothes for the kids. A thank you card next april would be nice, if we have a country by then.
You nailed it. That was one of the main reasons why they stock dropped from $30 to $18... everyone saw this coming.
Once again, it appears Retail Investors lost out.... first they bought the IPO, institutions sold it.... now Institutions were loading up at $18-20 while Retail Shorted FB (and many bought AAPL at $700 because it was cheaper? )..