1.8mm shares have traded this morning as the long-selling continues as the
stock-that-shall-not-be-named traded as low as $32.70 this morning (from its $45
highs on Friday)...
Not helping matters is the Reuters report that:
Not helping matters is the Reuters report that:
Cue the shareholder class-action lawsuits."Morgan Stanley unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast."
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