Most of the employees are going to sell a significant amount of there shares tomorrow and beyond, simply because most of there wealth is tied up in one stock....Many of these employees aren't exactly rich aside from there facebook stock...........Imagine your 25 yrs old married with a kid and you have $5000 dollars in the bank and $2 million in facebook stock............That's like having $2,005,000 in the bank and telling your wife your gonna spend 99% of your family's life savings and gamble it on one stock...........So you better believe come tomorrow and the coming week those people are gonna sell as quick as they can at any price.
Sentiment: Strong Sell
This is the perfect reason to be a buyer if it pulls back at all because of people selling for reasons not due to fb valuation. The smart money buys into these type of pull backs. As a person who has spent twenty five years at a major firm and experienced these situations I will put money on a great return over the next few years. All the best
Strong buyer into any weakness ...
Sentiment: Strong Buy
perhaps true. But near term people looking to get in may be waiting on the sideline for $15, which is very possible, couple that with insider selling+down
Look at Linkedins biggest lockup on November 21, 2011 at lockup the price was $70 . During the following week the shares continued to go down 18% all the way to $57 before bouncing back.
Whether your holding long term or not, if your looking to buy it's best to wait a few days at least, because facebook near term will go down.