Tyler Durden's picture


$28 handle...FaceBook - truly the gift that keeps on giving... massive losses

Current VWAP post-IPO is now only $36.70 and falling

From Options-land:

  • Puts 144k vs Calls 100k
  • Put IV 66.5%, Call IV 55.6%
  • June $30 Puts most active 19210 lots
  • Most interesting is the $45 July Straddle that seems very popular (and the 1 lot $10 June Straddle)

And finally, here is Cramer from February 2, advising his viewers to buy FaceBook, and Morgan Stanley ($19.66) which will benefit from the FB IPO, and is "a dirt cheap stock"

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Tue, 05/29/2012 - 14:07 | 2472628 Cognitive Dissonance
Cognitive Dissonance's picture

Banksters and WS insiders first to the life boats.


What do you mean they already left?

Tue, 05/29/2012 - 14:08 | 2472642 Bay of Pigs
Bay of Pigs's picture

Where's Captain Zuckerberg?

Tue, 05/29/2012 - 14:11 | 2472659 TuesdayBen
TuesdayBen's picture

The Billionaire Cap'n is honeymooning.

Tue, 05/29/2012 - 14:13 | 2472672 nope-1004
nope-1004's picture

FB longs getting blowtorched.  LMFAO!!

Ponzi pushers getting reamed.


Tue, 05/29/2012 - 14:16 | 2472695 TheFourthStooge-ing
TheFourthStooge-ing's picture



Tue, 05/29/2012 - 14:23 | 2472727 derek_vineyard
derek_vineyard's picture

everyone is so over saturated with facebook we are waiting for the next fad in social media

Tue, 05/29/2012 - 14:30 | 2472764 resurger
resurger's picture




                                                                                                                                                                     "WHY YOU NO BUY"                                                                                                                                                                                                                    

Tue, 05/29/2012 - 14:37 | 2472796 Unbezahlbar
Unbezahlbar's picture





"Me Luv U Long Time"


"Pleeze Bye"

Tue, 05/29/2012 - 15:38 | 2473089 NewThor
NewThor's picture

I am saving all of my money for the

MySpace IPO

that fucker is going to be HUGER than anything ever!

Tue, 05/29/2012 - 15:44 | 2473115 Fukushima Sam
Fukushima Sam's picture

Fuck that, the Twitter IPO is going to be EPIC!

Tue, 05/29/2012 - 17:05 | 2473377 Divided States ...
Divided States of America's picture

FaceBook should be renamed FacePlant to depict the experience investors has had with the IPO.


Zuckerberg sure got many Suckers into this crap.

Tue, 05/29/2012 - 21:58 | 2473990 NumberNone
NumberNone's picture

Instead of cursing Nasdaq the public should be thanking them for fucking up the IPO.  Had there been no screw-ups the first hours could have seen the stock jump to $70 a share in a feeding frenzy only to give the people that brought it to market days if not weeks to unload on the stupid fucking public that wouldn't want to miss on the chance of a lifetime. 



Wed, 05/30/2012 - 00:29 | 2474199 contrarianz
contrarianz's picture

Don't you mean Myface?

Tue, 05/29/2012 - 14:30 | 2472766 Oh regional Indian
Oh regional Indian's picture

Did some-one say Twitter (T)?

Or is it Pinterest (P)? 

Or perhaps Pintwitter?

Maybe FB will buy TP? A billion here, a billion there and pretty soon you have a company? A real company with it's own TP to clean up it's Facetous Bullshit (FB)?


We Wipe Our Asses and Your Assets...Clean!



Tue, 05/29/2012 - 15:02 | 2472928 Xkwisetly Paneful
Xkwisetly Paneful's picture

How many indians are there in the world?

and yet it took some american idiot,

as ususal thanks for playing.

Chinese TV ran a show last night about the perils of social networking,

guess who they showed in the background?

THat would put the US bashing zerobrains malcontents on the same side as those totalitarian chinese.

Well done.

For the 3.472,973th time.

If it was underpriced the zerobrains obsession would be no different,

if it was perfectly priced the zerobrains obsession would be no different.

Just post, I hate the US, it is so much simpler.


Tue, 05/29/2012 - 15:06 | 2472947 tarsubil
tarsubil's picture

I hate the US.

Tue, 05/29/2012 - 15:08 | 2472961 azzhatter
azzhatter's picture

I hate the US but I really hate that smug little punk Zookerberg

Tue, 05/29/2012 - 15:17 | 2472998 TrainWreck1
TrainWreck1's picture

I hate New Jersey.


Tue, 05/29/2012 - 15:41 | 2473097 NewThor
NewThor's picture

Hate only leads to the douche side.

Tue, 05/29/2012 - 15:22 | 2473022 fuu
fuu's picture

Nope, we just hate you.

Tue, 05/29/2012 - 15:34 | 2473068 VyseLegendaire
VyseLegendaire's picture

I'm on the same side as the Chinese totalitarians as much at least as I am of the fascist Americants.  What is so great about USA or Mark Fuckheadberg?

Tue, 05/29/2012 - 14:23 | 2472729 Temporis
Temporis's picture

Quick! Some one tell MDB so he can buy more!

What a deal!

Tue, 05/29/2012 - 14:58 | 2472915 jus_lite_reading
jus_lite_reading's picture

Where's that other scoundrel, what's his name.... you know the one pimping FarceBook?

Tue, 05/29/2012 - 15:08 | 2472962 azzhatter
azzhatter's picture

he's dollar cost averaging

Tue, 05/29/2012 - 14:40 | 2472817 AlaricBalth
AlaricBalth's picture

Webvan, GeoCities, Broadcast.com,Boo.com, Startups.com, theGlobe.com, InfoSpace and now Facebook.

The genesis of theGlobe.com is eerily similar to Facebook. It was a social networking sight that was heavily into online gaming. Then they launched GloPhone to compete with the major VoIP companies at the time, and promptly fell flat on their face.



Tue, 05/29/2012 - 14:44 | 2472836 disabledvet
disabledvet's picture

Globe's got it beat hands down given its monstrous open. Should be an exciting ending at FB as well!

Tue, 05/29/2012 - 14:26 | 2472744 BobPaulson
BobPaulson's picture

Uh, no actually, the pushers got rich. Joe Six pack got reamed... again. cf. Three Card Monte a while back on ZH.


Tue, 05/29/2012 - 14:40 | 2472815 Oh regional Indian
Oh regional Indian's picture

Clearly FB has unleashed it's Down Arrow brigade BP.

Really curious though, was it just meant to be this huge public money steal-a-thon and then bust?

Very curious. 


Tue, 05/29/2012 - 14:42 | 2472827 john39
john39's picture

true... but because this happened so fast, it will be exceedingly difficult to pull off again in the near future.

Tue, 05/29/2012 - 14:45 | 2472842 walküre
walküre's picture

Stockholm syndrome

They be back for more pain

Tue, 05/29/2012 - 15:05 | 2472942 boogerbently
boogerbently's picture

Mark Twain:

Man is the only animal you can skin more than once.

Tue, 05/29/2012 - 14:46 | 2472852 disabledvet
disabledvet's picture

More like "Joe Perrier Water." as reported on here with alarming accuracy "there havn't been retail investors in equities for three years running."

Wed, 05/30/2012 - 00:09 | 2474176 CompassionateFascist
CompassionateFascist's picture

That's right. A lot of High Rollers got waxed big by the JewYork Bankster HFT ramp-up that fizzled; expected to sell their Zuckerbait at $70. Now (sez the MSM) they're "mom and pop" launching lawsuits. Comedic.

Tue, 05/29/2012 - 17:41 | 2473507 Manny
Manny's picture

Thats what he would like you to think. Sources close to him say he went to find  a business model.

Tue, 05/29/2012 - 14:11 | 2472661 The Big Ching-aso
The Big Ching-aso's picture



I think he's banging whatsherface in the cuckoo's nest.

Tue, 05/29/2012 - 14:26 | 2472676 Hugh G Rection
Hugh G Rection's picture

He's short through the Locust Fund.. Suckerbergs!


Cramer finally loses it on air..


Tue, 05/29/2012 - 14:14 | 2472683 Winston Churchill
Winston Churchill's picture


Tue, 05/29/2012 - 14:25 | 2472739 SilverRhino
SilverRhino's picture

Selling his Facebook Herpes ... the gift that keeps on giving even after you've been fucked the first time.

Tue, 05/29/2012 - 14:39 | 2472810 El Oregonian
El Oregonian's picture

FACEPUTZ= Cramer...

Tue, 05/29/2012 - 14:45 | 2472840 The Big Ching-aso
The Big Ching-aso's picture




Tue, 05/29/2012 - 14:46 | 2472846 Pancho Villa
Pancho Villa's picture

Zuckerberg = FACECROOK

Tue, 05/29/2012 - 14:10 | 2472653 battle axe
battle axe's picture

BWAAAA HAAAAAA HAAAAAA. Fuck Facebook. assholes got what they deserved...

Tue, 05/29/2012 - 14:13 | 2472681 walküre
walküre's picture

Tylers, just consolidate the FB threads. We're all just repeating ourselves.

A week from today, they will lose the $20 handle.

Tue, 05/29/2012 - 14:42 | 2472826 NotApplicable
NotApplicable's picture

No different than any other topic on here. Same story, ever-weakening numbers.

Welcome to the downward spiral. Hope we're both still around once we drop out of the bottom of the funnel.

Tue, 05/29/2012 - 15:08 | 2472939 walküre
walküre's picture

Where is this going to end? After all these years of pump & glory (2008 - 2012) we are finally seeing the slow motion market crash and ZH community is getting tired and worn out!


(Disclaimer: Most effective political propaganda ever, may be offensive to some)

We are winning! The markets are crumbling in the East, in the West, in the North and the South! The bankers, the traders and their political whores are pooping their pants and shivering in their boots!

ZEROHEDGE will be victorious!!!

Tue, 05/29/2012 - 14:33 | 2472685 vast-dom
vast-dom's picture


FB dips BELOW 28.99! Now the slide to the bottom!

CALLED IT LAST WEEK........after i correctly called 31......this turd will one day be worth what it's really worth....sub $5.....


Cramer can say anything at this point -- he has explonentially exploding electric negative credibility and what's worse is anyone allowing him to publicly opine is just as bad, if not worse.

Tue, 05/29/2012 - 14:50 | 2472870 NotApplicable
NotApplicable's picture

Thing is, it doesn't matter. The only thing that does? Volatility.

The instant everyone agrees with your assessment is the instant they fire up the PPT and clear the decks of the weak, optioned (and otherwise leveraged) hands. The only ingredient they don't  posses is the herd's attention. As long as FB remains interesting, it will be played by the cons at the expense of the rubes.

Reminds me of all of the specialty style scratch-off lottery tickets I see these days. I can understand having a small variety with differing costs/prizes/odds, but there are whole cabinets full of nearly identical tickets, with the major difference being the artwork/name on them.

Wed, 05/30/2012 - 00:15 | 2474182 CompassionateFascist
CompassionateFascist's picture

No, this particular pig will never fly. A few days before the IPO, even GovernmentMotors canceled its advertising on FB. Reason: no clicks on the ads.

Tue, 05/29/2012 - 15:09 | 2472969 BeetleBailey
BeetleBailey's picture

Cramer should be off the air.

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