SevenCubed - 10:11 pm on Oct 23, 2012 (gmt 0)
Ya I saw the news earlier and was scratching my head about the 8% rise in price on poor results. MZ must have thrown in a few encouraging words to keep the flock in tow.
With the terrible results coming soon from Zynga in the next few quarters, and considering how closely tied to Facebook's revenues (12%) the market logic is funny.
Then as you mention there's the upcoming lock-up periods expiring. Add to that the year end tax loss selling from those who were taken to the cleaners since the IPO. It looks like a pretty good storm brewing.
I'm more interested in the flood that's coming on November 14 when there will be an increase of 77% over today's shares in circulation -- 777 more shares will be unlocked.
The details are at SeekingAlpha, "The Flood Of Facebook Shares Is Coming - Grab Your Ark" [seekingalpha.com...]
Merry Christmas Facebook.