Yea, my statement posted last Thursday was made prior to the squeeze on Monday. In effect, I predicted correctly that a squeeze would occur, hence the exit of my short position on Friday.
Monday had 2x the volume of Friday. My second assertion made today was that first, the smart money has...
http://blogs.wsj.com/marketbeat/2012/11/13/facebook-short-sellers-losing-appetite-as-lockup-looms/?mod=yahoo_hs
The number of short positions on FB declined 40% in the last month, currently, short interest is at the lowest levels since June.
Confirms my hunch that the smart money is no...
You are missing some key differences. Early lockup expirations were pre-earnings, and most shareholders were VC's whose are supposed to cash in in this fashion. The lockup expiration on the 14th comes very close to the previous one. E.g. when people sold in anticipation of the last expiration...
The losing 50% analogy is not quite right. I think most FB employees knew going in that FB was overvalued. And FB management knew as well. That's why employees were compensated with restricted stock units and not restricted stock options.
Say you are an early employee who's lockup expires on...
If anybody is still short, I'd stay short overnight. There's a good chance it sells off tomorrow. However, if 20 is broken, cut your losses and run for cover!
This is precisely why the short squeeze occurred today. Everybody knows everybody and their mother is short. So all it takes is a slight bump for everybody to start scurrying for cover.
On the other hand, now that many shorts have been burned, there's a chance to short again at a 3% better...
Well, a lot of uncertainty over the weekend, there could be some progress on fiscal cliff, etc. Still think short is the right direction, but there could be an opportunity to hop back on at a better price on Monday. And if not, can't complain too much about 10% in a week.
Yea, I'm planning on covering the position today and getting short again on Monday if there is a bump. Today's sell off is too steep, it is likely to bring out some bargain hunters next week after the panic subsides.
How recent is your 73 million shares information? That data is probably several weeks old, the present situation is probably far different (and far more short). Particularly if the 73 million short interest was prior to the earnings announcement.
There's a HUGE amount of short interest in FB right now. It is highly susceptible to a short squeeze. If there is a squeeze, it will be one of epic proportions, I'm talking 10% rally.
On the other hand, all shorters are holding out to see what happens on the 14th. If nothing happens, there...
I am short FB since 21.50 a couple days ago. Decisively broke below $21 today, but that's just due to market pressure.
I'm going to wait for the 14th, but if nothing significant happens, it will be time to cover. From the last couple days of trading, it is clear that FB has plenty of buyers...
QuantQuote (www.quantquote.com) offers this as a custom solution. They provided this to me for free with my data subscription, but I'm sure they can also provide it as a standalone package. Just send them an email, they are very responsive. The data comes in csv format, and it includes date and...
I think you are missing the point. As an example, here is the QuantQuote TickView data from Facebook today:
27778111, 215700, 216400, 216400, 121716,Y, 1100, 1000, 100, 3000, 27778110,Q,@,27778148
27834713, 215700, 216400, 215700, 121816,Y...
Where is your server geographically located? It takes about 100ms to cross the continent. I was able to receive QuantQuote TickView data with about 75ms latency (based on exchange timestamps) out of Boston. But that computer was in a datacenter which might have had a direct line to NY/NJ. I...