Facebook Frolics 0
The Bears have it.
A put warrant, a security for speculating on the future direction of a company’s share price, which predicted Facebook would be at $22 by March, cost 6 euro cents ($0.07) to buy in the week after Facebook went public with an initial price of $38. Today, with Facebook trading at $21.10, the warrant is worth 37 euro cents, according to data compiled by Bloomberg.
Follow the link for a somewhat murky explanation of the even murkier world of betting that stocks will go down.
