Since FB will sell about $15B tomorrow, and since buyers had to
raise cash to allocate to it, is it possible this raising of
cash contributed to the recent market decline (in addition to
the EU situation and technicals etc.)? Is $15B a large amount of
outflows? If so, perhaps the combination of that selling pressure
ending today plus the current oversold conditions and Wall
Street's desire for a good flagship IPO might trigger a nice rally
soon. Thanks.
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Institutions raising cash for FB IPO
Posted by sethbru on 17th of May 2012 at 10:21 am
Since FB will sell about $15B tomorrow, and since buyers had to raise cash to allocate to it, is it possible this raising of cash contributed to the recent market decline (in addition to the EU situation and technicals etc.)? Is $15B a large amount of outflows? If so, perhaps the combination of that selling pressure ending today plus the current oversold conditions and Wall Street's desire for a good flagship IPO might trigger a nice rally soon. Thanks.