Yes, and even lower, around $15.00. We'll talk again once the short squeeze is over with.
Yes, eventually they will get it right. It's the platform for breaking news
Facebook had dropped half in value from its ipo price. It went from 38 to 17.73, before climbing up. Twitter has not yet gone below its ipo price which was somewhere in the low 20's.
My total loss on this stock is around 47%. Stop loss would have got me out at around 5% loss (usually where I set it). But I figured I was fine because this stock had fallen so much from it's high in the 20's.
Obviously. But it would have forced me to sell before earnings were released because I was already down 12%. The thing is I never intended to play this stock for earnings, as the software I use still says earnings are scheduled for August 6.
And for that reason I'm out.
You could also try using a fibonacci calculator and put the original ipo price as your low point. Your 78.6% retracement will then be around 35. Anything is possible with stocks, especially overpriced ipo's like this one. Don't get me wrong, I'm a believer in the future of this company.
It went from 96 to 48 didn't it? Either way I'm not chasing it here. I bought at 48 and sold for a trade in the mid 50's. Yes, I wish I held a little longer, but no one ever got hurt for taking a profit I guess. $60.00 is resistance. I have my doubts this breaks through that level with lock up expiration around the corner.
which means 3 million subscribers being at risk. Looks like lifelock going out of business once the lawsuits begin.
to supposedly protect you.
It will eventually re-test its ipo price .. they usually all do.
"Forth, the float is a miniscule 5.8 Million shares (approx) and there is only 12 Million or so outstanding. Presumably insiders own the rest."
So what you are telling us is you don't believe insiders will sell their 6.2 million shares at around $55.00 yielding them around 3.4 billion even though they agreed to sell their initial shares for $15.00 when they formed the ipo?