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  • holywallst holywallst Nov 14, 2012 1:39 PM Flag

    Who's Got a Logical Explanation, Market Flooded with Shares and Price Goes Up 11%. eom.

    The expectation of a HUGE SELLOFF come lockup expiration day got priced in the stock price during the days before the lockup exp. date actually arrived

    so when lockup expired, there was nothing left to price in. and so shares actually went up. in other words, bad news got priced in long before the bad news actually hit.

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    • Except for the fact that the price went down on the last lockup expiration, even though that was also known. GS is probably soaking up the shares and is on the phones trying to sell to institutions . But I think another poster had this pegged most correctly when he said it was due op. ex. this week. Or maybe Carl Icahn has taken a stake (kidding).

112.08-3.00(-2.61%)Jun 24 4:00 PMEDT