How Facebook Managed To Stay Above Its $38 IPO Price (Update)

Watch this amazing explanation by on how Facebook managed to stay above its $38 IPO price on its first day of trading. Watch high frequency traders scalp $FB between $38 and $38.05 for five minutes straight with a large mystery buyer at the IPO price. I put up charts as well. So, when do all bonds and credit default swaps start trading at these bid/ask spreads? Update: Facebook Banker Morgan Stanley Bought A Humongous Amount Of Stock To Try To Support Price (Bloomberg at Business Insider)

HFT Tractor Beam in Facebook (FB)

h/t iBankCoin

Chart source:

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