I am here shorting Feye because of not only the overvaluation, but because of lockup and the secondary as well as something called "laddering" and "tie-in agreements".
try to look the terms up. there were lawsuits that were won against the big investment banks because of their involvement in manipulation in 2000. we are seeing the exactly same things happening now with IPO. same trade behaivor etc. I think they are employing the same methods.
Try to read some of the research papers out there, some good stuff with emails sent between banksters, gives you an idea of how they rig the IPOs
Thanks for responding. What strike and expiration date? For the record, I'm not against shorting at all, and play both sides myself. I AM against naked shorting which is often used to destroy companies, especially biotechs, as well as those who trash talk, call names etc (long or short). Congrats on your short, hopefully you remaining puts won't be as successful.