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Shorting Federal Facebook Notes Are Not Allowed Today
Facebook is falling like a rock despite the fact that there's a short sale restriction on the stock until at least tomorrow. Why is there a short sale restriction in the first place? Exactly what is wrong with allowing market forces to find the true market price? Well, you can run but you can't hide, Mr. Market equilibrium avoider.
Go to the 13:55 marker for some prophetic words spoken on Facebook's offererings. Take note that this interview was conducted in early January...
BoomBustBlog subscribers have been thoroughly versed in Facebook's true value for over a year, As I Promised Last Year, Facebook Is Being Proven To Be Overhyped and Overpriced! Now that Facebook Finally Faces The Fact Of BoomBustBlog Analsysis, let's pull out that simplified unlocked version of the valuation model used for our Facebook report (model is available for immediate download to pro/institutional subscribers) - Facebook Valuation Model 08Feb2012. Here is a screenshot of my personally updated version of the model.
All paying subscribers can download the addendum here -
FB IPO Analysis & Valuation Note - update with per share valuation. Here's a quip from the last line of the report:
"As of the writing of this addendum, Facebook is trading at $33.83, a day after debuting at $38.This utter disappointment and gutting of the muppets is exactly what our research has anticipated. From a strictly fundamental perspective, Facebook shouldn’t see its IPO price anywhere within the foreseeable future!".
The general subscriber access full forensic opinion is still available, FaceBook IPO & Valuation Note Update in addition to the short update above. Of course, higher level subscribers should feel free to play with the model above as well. It is recommended that subscribers (click here to subscribe) also review the original analyses (
FB note final 01/11/2011).
Here's where I broke it down on Capital Account
I also happened to do the same on the Max Kesier show...
I discussed Facebook on the Peter Schiff radio show, the Facebook excerpt is below...
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Man, you all be pimping you self big time this time - SIX - YES, SIX, self promoting videos in one post - a new world record for self promotion. Work on content, and the pimping is unnecessary. Burn all the chart porn as well. Brilliance will always win out over razzle dazzle. Be all the Reggie you can really be, instead of a web based American Idol chart porn pusher. Seriously.
Exactly my point in an earlier post. Give it a fucking rest. Reggie's is out of control on the self-glorification.
Since when would Goldman or JPM follow the rules? When you own the regulators, who gives a fuck? Naked Short you bitches!
What short selling ban?
Knight Capital was on CNBC this morning complaining that at the open, KC believed it was net 2 million shares short and was disturbed to learn a few hours later that it was long 5 million shares.
If there were a ban on short selling, why was Knight tweaked and going after NASDAQ to make good on the loss?
No suprirse here... http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-bill...
One thing is for sure, Reggie - you are no William Banzai.
Who did not see this share price drop , coming?
i much prefer the hybrid face of blankenfein and zuckerburg that you have been using for a while. it's cringingly funny.
Reggie's rear view mirror is always spot free and crystal clear!
Way to jump in and read the sports page to us. Awesome!
If you've followed Reggie over the past 5 years, you would know better. I know where that finger of yours has been....
I've followed Reggie for years and I've noticed his growing self-gratifying self-glorifying nature.
But, hey, maybe it's just me. I'd probably know more with a paid subscription and 'premium' content.
muppetbook....
Reggie, keep up the great work, you are a true warrior!
No short selling allowed, but, it’s OK for Morgan Stanley to prop up the price at a phony $38 floor on Friday's IPO launch day.
Um, I’m just curious Mary Schapiro, how exactly does the SEC define stock price manipulation?
I.P.O. = I‘m Pissed Off.
FB will make it to the low 20s before it sees its IPO price again.
the SEC won't look into this. Mary Shapiro is probably updating her FB page currently to: FTW
Mom & Pop investors are the ones that are getting screwed on this much hyped Farcebook BS
Audit----Expose----End it
You are cordially invited to sign up for my free Photoshop Banknote Workshop
Banzai- when I saw Reggies comment - Mr Market Equilibrium Avoider - I thought of the Real Men of Genius Budwieser commericials, and then - what could WB7 do with that?
does it count towards my MBA credit?
I call dibbs on the New Greek Drachma! I want to go with the Comedy and "Trade"gedy masks on one side and have the other a statue of Phobos!