3 ms·
Surely with a lock up date it was pretty predictable that volume would be some large multiple of it's usual.
by ska 7y ago
Surely with a lock up date it was pretty predictable that volume would be some large multiple of it's usual.
- dragontamer 7y agoSure. But what multiple do you expect? If you expected 2x or 3x the volume, you were proven wrong in the 1st hour. Between 9am EST to 10am EST, over 40-million UBER shares traded, representing ~400% of the average daily volume in just 1-hour.
- ska 7y agoBut getting it exactly right isn't the point, is it? You were asking how many should you short, if you think the market hasn't priced the lock out in ,the answer doesn't have to be optimal, it's just more than the usual volume. What am I missing? For sure you couldn't know it would be 95 mil, but is 20 really that speculative?