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>At 240x, they'd be seriously considering shorting the stock. I have associates involved in the management of a hedge fund, and they inform me that shorts are
by cookiecaper 13y ago
>At 240x, they'd be seriously considering shorting the stock.
I have associates involved in the management of a hedge fund, and they inform me that shorts are so highly demanded for the web IPOs of 2011 and 2012 that they've actually had trouble getting them.
Most professional investors aren't buying the hype this time around, I think. Even Facebook's IPO last year vastly underperformed. The consequences of the inevitable fold of Facebook will be very interesting.
- Silhouette 13y agoI have associates involved in the management of a hedge fund, and they inform me that shorts are so highly demanded for the web IPOs of 2011 and 2012 that they've actually had trouble getting them. Interesting anecdote. I'm not surprised that this is the case, but I'm surprised that it's the first time I've seen anyone mention it in a discussion.