Who's Got a Logical Explanation, Market Flooded with Shares and Price Goes Up 11%. eom.
I shorted on yesterday but then I covered quickly, because I was thinking of one possibility when I looked at APPL and Amazon chart: Goldman Sachs Manipulation.
Very likely during August to October, GS has entered agreements with those FB locked shares' owners to buy their shares at around $20. Then GS started to sell off Apple and Amazon to prepare huge amount of money for FB.
GS can just push FB higher and higher, and then, Bang! a beautiful Q4 report.
Will FB have a good Q4 report? Absolutely it can have. Very simple, GS can just let its affiliates and its connections to be FB's mobile ads clients. So on one hand, GS and its crooks spend millions on FB mobile ads, on the other hand, they can earn billions on the stock.