Facebook Stock reaching 50% off

Facebook stock is reaching it’s 50% off price from the IPO.

Facebook FB Ipo price of $38 has plummetted to $20 level in today’s trading. As mentioned before in a previous Facebook Stock article, Professional traders will more than likely short this stock to 50% of IPO price then look for a settling price for support and buy back.

Although Facebook stock did hit highs around $45, most traders use the IPO price. If there is a sell off in stocks this next week, then we could even see lower to $16.