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zanek

Registered: Aug 2009
Posts: 152

08-17-12 05:46 PM

Facebook insiders are dumping millions of shares, but there has to be someone on the other side of the trade. They say there are like 250 million shares not locked up anymore as of Thursday and another 1.7 billion to be unlocked by Dec 2012.

My question is, who the hell is buying all of these shares ?

Is it market makers ? Are there really that many people buying FB ?

2 billion shares hitting the market at todays prices is about $40 billion. Are there that many suckers out there buying $40B worth of FB ? I would think the sellers wouldnt be able to get out at some point

Someone explain this please !

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Swan Noir

Registered: Jun 2009
Posts: 1707

08-17-12 05:49 PM

There really is not anything to explain. Every broken stock, every weak company has securities that reach clearing prices that constantly adjust. You think it is going down and you may be right but for all we know Gorge Soros is scalling in every half point down as he accumulates a billion dollars worth and a few others are doing the same.

BTW ... i would not touch it with a barge pole but that is just my opinion. The buyers disagree.

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Pekelo

Registered: Aug 2005
Posts: 8945

08-17-12 06:32 PM

Quote from zanek:

Someone explain this please !

Here you go:

available for sale =/= sold

Clear enough? Not? So just because they CAN sell it from now on that doesn't mean they already SOLD it...

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Random.Capital

Registered: Jan 2005
Posts: 3848

08-17-12 07:12 PM

85M shares have traded so far today.

The OP is correct - *somebody* out there is buying this.

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nazzdack

Registered: Jul 2004
Posts: 8413

08-17-12 07:28 PM

Quote from zanek:
----Facebook....
----dumping millions of shares....
----someone on the other side of the trade.
----250 million shares....
----1.7 billion....
----who the hell is buying all of these shares?
----market makers?
----2 billion shares....
----suckers....
----Someone explain this please !

It's a "good" time and location to buy for those who have been short. Avoid "reading more into it" than necessary.

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Laissez Faire

Registered: Sep 2010
Posts: 4153

08-17-12 07:31 PM

http://www.telegraph.co.uk/finance/...investment.html

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