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A comment on FB down 8% at opening. Parent comment

Re:FB down 8% at opening by ajays on Monday May 21, 2012 @12:55PM (#4003716)
I don't think it's legal for an underwriter to short the price of a security that they're bringing to the market.
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Re:FB down 8% at opening by jmaygarden on Monday May 21, 2012 @01:36PM (#4003905)
That's simply not true. The SEC allows this behavior to stabilize the price.

http://en.wikipedia.org/wiki/Greenshoe

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