I heard Goldman was Shorting the stock to match orders for all the buys by all the hopeful investors thinking this is the next Google. The Market Makers are the only once allowed to Short IPOs to provide shares for their retail and Institutional clients unless this has changed, has it? Goldman and other Tier-1s made good money Shorting the stock to balance their books, I wonder about Twitter after my Short on Facebook. Once they alluded to the tweens attention-span dropping from Facebook or not joining, we have been stuck at $47-$50.00, if Facebook is hurting does that mean Twitter is going to tank quicker since only Carl Ichan is using it to promote his stocks? Henry Blodget was not very happy with the price of Twitter nor their outlook since Facebook's interesting earning conference call.
The issuing banks can short without a locate in order to stabilize the market. Market makers on NYSE can short without locate to fulfill their market making obligations. There are some customers who can get locates. But they will be "special" clients of the issuing banks.