Lockup selling is almost done. Green light to buy will be given Monday by analysts
So the time to buy is now.
The past 3 days volume (8M + 8.6M + about 5M today) = 21.6M.
IPO lockup was only 14.6M, so one can conclude that a large amount of the total intending to sell have sold.
Next week expect:
a) The secondary Underwriters to come out in defense of the stock that they sold at $82.
b) FEYE will also defend its stock with upbeat announcement Monday Morning. E.g. whatever new customer wins they can push thru).
This is a very proactive company regarding their market cap and shareholder value.
Ummm wake up... Lockup expiration WAS Wednesday, March 19. It already happened.
So FEYE's past 3 days volume (8M + 8.6M + 6.4M today) = 23M.
23M Shares in 3 days means many of the 14.6M IPO shareholders who wanted to sell have sold and taken profits.
Those shares they sold are now in the hands of NEW LONG shareholders with a cost basis of generally between $68-$75 (trading range past 3 days). In other words, strong hands have moved in to buy those shares, so the past 3 days established a solid support/consolidation pattern for FEYE.