Facebook Funds Plunge on the Open (SVVC) (GSVC)
Tweet
Share
E-mailGet Alerts FB Hot Sheet
Join SI Premium – FREE
Facebook (Nasdaq: FB) funds are getting punished this morning as we are just hours away from the IPO open:
Firsthand Technology Value Fund (Nasdaq: SVVC) is down 6% and GSV Capital Corp (Nasdaq: GSVC) is down 7%.
Is the trade over? It looks that way, but some see a possible bounce if Facebook rips higher.
Some could be shorting these stocks as a hedge on FB.
Firsthand Technology Value Fund (Nasdaq: SVVC) is down 6% and GSV Capital Corp (Nasdaq: GSVC) is down 7%.
Is the trade over? It looks that way, but some see a possible bounce if Facebook rips higher.
Some could be shorting these stocks as a hedge on FB.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Anthropic hires Google chip veteran as it pushed into hardware - Bloomberg
- Buyout firm Vista explores $3B sale of private markets data provider Allvue - Reuters
- Uber fined $966 Million in the Netherlands for automating driver suspensions - Reuters
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
