Midday price is up almost 9% and the volume is almost 2.5 times average, (141M shares trading, when average is about 53M).
It has to make me think there are a lot of stupid people who don't realize that the early investor lockup of 800M shares ends today, and employees and investors are selling off their shares -- I think people are mistaking the activity for something that's a reason to buy...
If so, there will be a lot of sorry people who buy today and see it drop back under $20 tomorrow.
Midday price, Wednesday November 14, 2012:
Nasdaq: FB $21.63 +1.77 (+8.91%)