FireEye Lock-Up Expiration Not Twitter Round Two:

NEW YORK (TheStreet) -- Twitter  (TWTR) round two? That was a question for FireEye  (FEYE) investors Tuesday ahead of the expiration of sales restrictions on millions of insider shares. And on a majority said "no."

About 68% of FireEye's outstanding shares will become available for trading Wednesday. Investors in the security company have long braced for a scenario in which insiders, frustrated with FireEye's near 70% decline from March all-time-highs, will shed shares.

$FEYE Almost 74 mil shares eligible tomorrow are from the initial IPO from Sep 2013, initially priced at $13. Investor base were probably $5

? Mike (@scottsdalem) May. 20 at 05:30 PM

$FEYE For employee allocated stocks, it were given to them at less than $1 /share.

? Mike (@scottsdalem) May. 20 at 05:31 PM

$FEYE So either investor or employee, would like to lock profit at $30 before it tanks below $14, its intrinsic value. I rest my case.

? Mike (@scottsdalem) May. 20 at 05:33 PM

However, on Tuesday, many investors bet that the stock would go up as new investors, encouraged by a lack of insider selling, bought in and short sellers covered rather than risk more losses. Short interest in the stock is 10.31% of float, according to

$FEYE Today was a test by the MM they are going to squeeeeze the life out of the short sellers tomorrow....mark my words.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

These Powerful Corporate Executives Could Make a Run at the Presidency in 2020

From Podium to Podcast, Preet Bharara Goes After the POTUS

Ryanair Customers Take Their Complaints to Social Media

Puerto Rico Is Completely Without Power Because of Hurricane Maria