I hear many hedge fund managers and even small/ big traders are so determined to short FB and drag to it to zero. Never saw this sentiment on any IPO. That is not becoming a trading strategy, it is becoming personal.
Zuckster et al. is not big enuf to piss in the tall grass with the hedge dogs. when all the hedgies join the wolf pack and short the float , retail will roll over and puke 'em out. express elevator going down........ cheers s
A wiser trader than myself pointed out that once everyone who wants to short finally gets shares available to borrow, the short play probably won't move as smoothly. The first few days, shorts were crushin it and the moves were clean. I expect things to start to get dirty as more people gain the ability to short the thing.
Maybe it will be the case in $20 range. Now they a boat load of sues behind them. YHOO, investors,... Even with yesterday's $40 target by Needham it is not moving up.