Yes, I've not seen a clearer case of event-edge this year then to go long into the expiration of the lockup.
Was expecting a small downward move of 2% , proved wrong . Still believe facebook cant convert all this web traffic to profits. Who do you think bys all that stock ?? PS would be healthier if the stock dropped a bit.
So you must have bought alot of FB before today, right? Or at least alot of call options? How much did you buy?
Kind of like that stock you wanted to buy yesterday, MCP that we told you it was a falling knife, huh? At least I was right about something. Down 8% as of now.
Facebook Inc (FB) Shares Jump 12.5%, Even As 804M Shares Hit The Market... Where is the SEC when you need it?
Yes, I did buy short term Nov calls, some in the money, some out. I did make $, but missed the big move. I got in on Mon, out on Tues. So I definitely made a mistake not staying in! There are plenty more opportunities. Rest easy. ps, how much did I buy? NOYB : ) pps, MCP is not an "everybody knows" stock
I have a mandate not to trade anything under $70/share: http://www.elitetrader.com/vb/showthread.php?s=&postid=3511309&highlight=atticus#post3511309 I think I'm adequately on the record telling you that your logic was facocked and that the stock would be higher the week after the lockup expiration. http://www.elitetrader.com/vb/showthread.php?s=&postid=3678788&highlight=higher#post3678788
More of the enlightened reason that is, Peilthetraveler: http://www.elitetrader.com/vb/showthread.php?s=&postid=3506897&highlight=years+dinosaurs#post3506897 clown shoes.
I was expecting at least a small loss, but bracing for the worst; but this really surprised me... my Leaps did well [obviously] I try to take a Mark Douglas approach now, where you just can't predict much marc