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lastlib

(27,852 posts)

6. They could still borrow shares to sell once trading had started, and cover later...

Reply to taught_me_patience (Reply #1)

Wed May 23, 2012, 02:48 PM

May 2012

...at a lower price. Or take out sell options (puts). Naked sell options would've been pretty risky, but of course in hindsight would've been pretty profitable. I have no doubt that some contrarian that had a good read on the stock pulled this off and made a bundle.

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Did Anyone Make Money Betting Against Facebook?...... [View all] global1 May 2012 OP

How could you? There were no shares to short. n/t taught_me_patience May 2012 #1

They could still borrow shares to sell once trading had started, and cover later... lastlib May 2012 #6

I did. Cary May 2012 #2

I sat on my hands. Warpy May 2012 #3

I wouldn't put the blame entirely on Zuckerman on assessing the worth of the stock. LiberalFighter May 2012 #7

The only guys that made money were the ones that bought at $38 louis-t May 2012 #4

I made money buying other stocks and not wasting my money on Facebook.... cbdo2007 May 2012 #5