or perhaps the author spent last week and the weekend talking up FB stock so that when he sold it on Monday morning there were some buyers, meaning he would not be losing about $5 a share right from the off. Of course the tanking stock (12% as of this comment) probably helped his decison to sell. Perhaps other buyers who were looking for a quick flip on day one or week one realised there was no carpet bagging to be doen and their immediate sell off resulted in the 12% drop. Either way it was overvalued and is now making the long process toward working out what the market rate should be.
