Monday, May 14, 2012

Facebook roller coaster (updated)

12:07 pm (Hawaii) After the negativity from mainstream media last week on Facebook, two sources are saying FB will "increase its IPO price range to $35-40." One is CNNMoney's Maureen Farrell. See her tweet here.

That info was posted a few hours ago and I didn't see it. Otherwise I might have jumped back on board GSVC, which is at 18.20 after hours. (bid 17.93, ask 18.20.)

Here's MarketWatch saying basically the same thing about "large orders from retail investors." See the info via MW via IPO Botique

SVVC is practically unbuyable AH too: bid 28.87, ask 38.39. The move in GRPN plus the FB news is creating momentum, and the shorts are under fire.

Update 3:18 pm Kara Swisher reports that FB will debut at "$34 to $38."

Official pricing will be done on Thursday, she adds. 

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