CNNMoney reports that Facebook's stock has plunged nearly
18% from its IPO price, but it's not simply a case of investors disliking the
company. Facebook has attracted a rash of stock flippers -- investors
who quickly buy and sell a stock in the hopes of making a quick profit.
"It's a day trader's paradise right now. There's high
volatility and high volume," said Douglas DePietro, managing director for
sales trading and trading execution at Evercore Partners.
While volatile, frenetic trading is not unusual in the first
few days after a large IPO, in the case of Facebook , both the overall trading volume
and Nasdaq's problems executing trades amplified the moves…
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