Friday, March 15, 2013 1:57:56 PM
Just think about this: when a company IPOs, a share structure is chosen based on the value of the company. The share structure is designed so that the price will move in similar fashion to the indexes (S%P etc.). When the PPS dumps from $100 to $10, everyone can now afford 10x as many shares and the price action becomes extremely volatile. The only reason why this baby has shot to the moon on speculation alone is because there are people in control here. I have no idea who it is, whether it's MM's, trading desks, etc. Either way, I know that yesterdays fire was extinguished early in the morning by a TON of selling.
Shares will eventually run low, and whoever is holding this down will have no choice but to let go. When that happens, oh baby, fasten your seat belts, this is gonna be a wild ride!
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