Short term yes. But it's a little like a concert that is able to extract the maximum amount of seat sales revenue but has a bunch of non-filled seats which don't look to good for people attending and writing about the concert. Or a half empty restaurant on Saturday night. The story is that the price had to be supported. I'm not sure that is the message that will be good long-er term with a thing that is sold on psychology as opposed to fundamentals.

After all there is no way people getting in on the IPO bought the stock at $38 thinking it wasn't going to go up the same day.