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With Twitter Set To Break Over $40, Banks Tell Employees To Slow Down With Clogging Orders
This is what client-facing desks are seeing at various banks across Wall Street right now. One example below:
PLEASE DO NOT ENTER ANY MARKET ORDERS FOR TWTR UNTIL AFTER THE STOCK STARTS TRADING. THESE ORDERS ARE CAUSING A LARGE NUMBER OF REJECTS WHICH MAY DELAY ENTRY OF YOUR ORDER.
THANK YOU FOR YOUR CO-OPERATION
Translation: slow down damn it, there will be more than enough shares sold to satsify all demand. Why is there a scramble? Because of this: TRADING RANGE: TWTR (NYSE): 40.0000-44.0000
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Must....Panic....Buy......Must Buy......
I want to buy a tweet for my kid.
How much does one cost?
Stupid playing out in real time
How exuberating.
Investing in fads is always sound business and life planning.
Depends which side of the sucker bet you are on.
"THESE ORDERS ARE CAUSING A LARGE NUMBER OF REJECTS..."
That's probably inverting correlation & causation, but still..yeah...
Charlie Bucket was an austrian economist.
If you get it pre-IPO it is basically a golden ticket. Rich mofo's probably got their shares for $10-$15, and they will sell it to sheeple for $25-$30 (if not higher). Wait until Twitter goes Facebook and starts fucking with the privacy features and trying to charge for services.
Ah... daddy's little princess...
But I thought you wanted a pony...
"I want ANOTHER pony" --Veruca Salt
Veruca Salt. Not a great band, but ok.
Idiots, TWTR will be below $20 in a few weeks.
Oh I can't WAIT to later see the sob story interviews with people who went all-in with their moms life savings.
perhaps but it may hit $70 before it hits $20
the dot-com glory days lasted years not hours
But there is a history now wherein people can look back to the tech bust or the Facebook face plant. Who knows?
And above 50 in a year. I am still in awe of FB's climb from 19 to 40somthing without doing anything at all.
A lot of Farcebook's climb was to set the stage for the TWitter IPO and the next tech bubble. It doesn't have a thing to do with fundamentals.
Very astute. They must maintain the illusion so that no one will lose confidence in the markets.
oh but you are incorrect dear boarder
they solved the mobile advertising riddle
and how exactly did they accomplish that in just 2 quarters such that mobile ads skyrocketed to 49% of all ad revenue
http://www.usnews.com/news/articles/2013/10/31/growth-of-mobile-ads-on-f...
I mean WTF, from zero to hero in just two quarters
Maybe they modified the definition of what constitutes mobile to include any wireless device such as the piece of shit laptop I am typing on now.
My head just essploded - did not know that (didn't/still don't care, really, but it's 'real life' according to the majority...).
To tie in Dr. E's post as well, companies with negative incomes get 14B market cap these days. Definitely agree with FB's leadership role in propping up the IPO bubble. Yep, everything is fly.
You willing to gamble some shorts on that one?
Can't short it for 2 weeks. Put options available in one week, but if you pay attention to the options market the premiums have been a little high lately for just about everything.
I just don't see it dropping almost in half to $20 in 2 weeks time after the IPO. I'll agree that it is going to be overvalued coming out of the gate will recorrect lower but the fact you can't short it for 2 weeks seems well a little unfair. You think they would allow everyone to set their short positions betting on that recorrection to allow companies like GS to slay them by doing a Bernanke liquidty backed pump and dump. It is not like SEC actually enforces anything.
If these fuckers are trying to create a false sense of confidence the liquidity pump will allow it to recorrect to like $35 - $37 and then market rigging algos will slam any major down movements for a couple of months until the twitter confidence game doesn't need to be maintained for the good of the market.
That is my uneducated guess anyways.
The NYSE already can't handle the volume..lol.
Fuck mE!
Still NO BID NO ASK!! OPEN DAMMIT!!
Over.
Dear lemmings,
please walk single file, you can't all jump at once.
-Managment
Take it up the 'shitter' Twitter.
"The Street" Wants its $16 profit now damnit.... Clogging clusterfucks are us.
$44? Hell I can buy almost 50 rounds of 12 guage 00buck for that!
Looks like peeps be selling NFLX and LNKD to buy twits ....
Whats that retarded website where you can bet on current events like the election or celebrities dying?
Trust your gut on this one guys. They will monetize, something.
Buy it and filter out the noise until you reach your glorious target ($100+).
Over.
I hate to admit that you're probably right, this will go big big big, for a while. Someone will make a f*ckload of money today, just not me.
What is Goldman Sachs recommending? That is your answer if they say left go right.
I remember when we called brokers....brokers...not banks.....gezzzz
Outside of advertisements what revenue stream do they have? and how much fucking advertising can a person take until there numb to it all. I don't even need ad block anymore. I unconsciously filter it all out.
Anyone depending on me clicking on an advertisement doesn't fucking know who they are dealing with.
Food, gas, that's it....why give the criminals more money.....
Pay for placement like front page when everyone logs on. Real estate rules do apply with web sites, location, location, location.
I wonder if they have to disclose to their clients that they are going to put in market orders at the most volatile time of when the stock starts trading. Something tells me these banks are going to receive "severe" slaps on the wrist.
Let's all put in $1 bids just for fun.
Well they did it. They managed to bring back the tech ipo bubble again. The sheep will never learn.
IT'S DIFFERENT THIS TIME BECAUSE EVERYBODY IS DOING IT!!! DON'T YOU SEE??!!
what a fucking joke...u want to see what this fake ass market is really about....
http://www.youtube.com/watch?v=GEAGdwHXfLQ
fucking fools led to slaughter.......
OH MY GOD!!!!
I ALSO WANT TO GO ON THE TITANIC!!!
WHO WOULD WANT TO MISS OUT ON THAT??!!!
GET OUT OF MY WAY LEMMINGS!!! ME FIRST!!!!
HURRY!!! I CAN ALREADY SEE THE CLIFF!!! LET ME THROUGH!!!! LET ME PASS!!! RUN FASTER!!!!
Damnit, I have work, I'm going to miss the slaughter (open).
At what point does the become a Glitch, Bitch?
When the 1000th retail investor gets fucked Facebook style. /sarcasm.
Right now the Banksters are getting it in the Face, if you are sitting there waiting to pay $44 for a $26 you don't need too much time to think it over... Get er Done.
Hurry up damn TWTR, I have to leave soon.
If the folks at Twitter can figure a way to make money on the inane crap coming out of countless idiots with nothing better to spend their time on, I tip my hat to them.
Cap and trade, energy credits by the tweet. You can buy credits to offset your carbon footprint associated with electricity generation for each tweet. Think like a fractional reserving Keynesian.