Lockup expiring on Dec 22. Hedge funds, insiders who bought at $8 range during IPO may want to cash out and sell. We may see selling volume in 1M+ shares daily then once lockup date expires (Dec 22) Especially since this is Christmas time, people want that extra money especially if they have made such a great profit (from $8 to mid 20+). So even if they want to be greedy and hold on after such a run, they may choose to sell. But thats ON or AFTER Dec 22.
I am trying to understand why people are paranoid days before the lockup date. No mass selling is possible before Dec 22, its physically impossible to do so. So somebody explain to me, why the serial panic of a selloff just now. We are days away dont forget, so BSFT is bound to go UP till Dec 21 at least or trade in a range. Buy in low $22-23s range, sell in high $24-25s range, if not higher
Whats that saying: Dont cross the bridge until you come to it. DUH?