This post was just published on ZYX Buy Change Alert
It appears that some institutional investors received larger allocations of FB shares than they were expecting. Such investors may flip at the open or in the coming days.
For the above reason the recommendation to buy FB shares in the open market is being cancelled.
Those who received FB shares in the IPO at $38 may stay alert to a signal on the Real Time Feed. Such investors may also consider setting the following stops: $37.83 on half the position, and $37.48 on the other half.
FB is not likely to break the syndicate bid, but stranger things have happened in the markets including extremely aggressive FB sympathy plays this morning. It is best to be prepared.
