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FaceBerg Sinking At -40% Below IPO Level

Tyler Durden's picture





 

Presented with little comment - except to not that everyone's favorite social media site that will 'figure out mobile' is now down 40% from its IPO price...

 


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Fri, 07/27/2012 - 09:20 | Link to Comment Overflow-admin
Overflow-admin's picture

Bring It Down!

Fri, 07/27/2012 - 09:20 | Link to Comment Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Zuckered!!!!!!!!

Fri, 07/27/2012 - 09:23 | Link to Comment skistroni
skistroni's picture

In your FACEbook, bitchez!!!

Fri, 07/27/2012 - 09:37 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

That's gonna leave a mark.

 

Fri, 07/27/2012 - 09:53 | Link to Comment veyron
veyron's picture

Wall street apparently didn't "Like" FB earnings ...

Fri, 07/27/2012 - 12:30 | Link to Comment imaginalis
imaginalis's picture

FaceBLOOP

Fri, 07/27/2012 - 13:15 | Link to Comment zaphod
zaphod's picture

Just wait till the lock out period expires and insiders can sell. FB $2 here we come.

Mon, 07/30/2012 - 00:29 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

isn't the entire IPO insiders selling?

Fri, 07/27/2012 - 19:54 | Link to Comment StychoKiller
Mon, 07/30/2012 - 00:28 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

c-c-c-COMBO BREAKER

SUPREME VICTORY

Fri, 07/27/2012 - 09:40 | Link to Comment augustusgloop
augustusgloop's picture

Zucker punch.

Fri, 07/27/2012 - 09:22 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Anyone that is still holding FaceBoner has an I.Q. in the negative territory

Fri, 07/27/2012 - 09:25 | Link to Comment Barometer
Barometer's picture

Yes!! Smash them !!

Fri, 07/27/2012 - 10:28 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Zuckerz!

Fri, 07/27/2012 - 09:21 | Link to Comment monopoly
monopoly's picture

Buy the dip. :)

Fri, 07/27/2012 - 09:23 | Link to Comment engineertheeconomy
engineertheeconomy's picture

You're confusing FB with GOLD

Fri, 07/27/2012 - 09:24 | Link to Comment SheepRevolution
SheepRevolution's picture

In a year or two..

Fri, 07/27/2012 - 09:20 | Link to Comment fonzannoon
fonzannoon's picture

screw facebook. Let's see the elephant hunters go after amazon and then it gets interesting.

Fri, 07/27/2012 - 09:21 | Link to Comment Careless Whisper
Careless Whisper's picture

AOL, MySpace, Facebook... what's the difference?

Fri, 07/27/2012 - 09:36 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Different names for the same turd.  No offendse to you, good sir, Turd Ferguson.

Fri, 07/27/2012 - 09:26 | Link to Comment FrozenOut
FrozenOut's picture

Difference is facebook is even more callous about abusing your privacy.

Fri, 07/27/2012 - 10:07 | Link to Comment jimmytorpedo
jimmytorpedo's picture

Difference is AOL and MySpace din't provide enough info to put everyone in the right FEMA camp.

So they had their In-Q-Tel vultures start a real data mining program.

Now they know what colour reflector to put at the end of your driveway.

No way to value that into the P/E.

Fri, 07/27/2012 - 11:01 | Link to Comment SubjectivObject
SubjectivObject's picture

For all the nom de-plumeds inspired over its ... public ... life, the one I alwayd thought most appropriate and good for a giggle every time is FacePlant. 

WB7 can have a field day with that; a running series of faceplants.

Fri, 07/27/2012 - 09:22 | Link to Comment Vincent Vega
Vincent Vega's picture

Facebrrrrrrrrrrrrrr!

Fri, 07/27/2012 - 09:24 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

The chart shows a GREED spike when the IPO came out...

 

It shows pure, unadulterated GREED by these employees, the super heb himself and MS.....to name a few...

 

THEY THOUGHT IT WOULD BE LIKE AMAZON AND LEVITATE WITH NO REGARD TO ANY FUNDAMENTAL METRICS.....THAT IS RIGHT... JUST THE NAME WILL GIVE IT A 200 P/E...that shit just gets so funny....like the cartoons running off a cliff and staying there!!!

 

Fri, 07/27/2012 - 10:16 | Link to Comment Winston of Oceania
Winston of Oceania's picture

When you mix "greed" with a bit of temperance you get prudence, as in a prudent investment. Rather than berate an unstoppable emotion such as greed it would be better to council our neighbors in temperance so that we ALL might be more prudent.

 

* as for the nega-tick I certainly wasn't speaking of alcoholic temperance...

Mon, 07/30/2012 - 00:24 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

no, greed has no positive outcome. Loss avoidance and increasing efficiency are good but not greedy. Greed is always taking unsustainably, sometimes from others, sometime's from one's resources, sometimes from one's future resources but it always ends badly.

Fri, 07/27/2012 - 09:37 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I love the fact that people have diarrhea of the Facebook and splooge all intimate details of their life affairs on FuckmyFacebook.  That ought to be worth something?

Fri, 07/27/2012 - 09:46 | Link to Comment Whoa Dammit
Whoa Dammit's picture

FB mainly shows how sadly boring but vain most people are. Its the modern version of the neighbors who always wanted to show everyone else in the neighborhood the slides from their vacation. What's that worth?

Fri, 07/27/2012 - 10:08 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

So far it has been worth passing the bags of shit onto bag holders who were duped the MSM into thinking VanityBook was a good business opportunity.  I would also imagine it was worth a nice fresh stinking pile of derivatives.  All Hail the Banksters!

Fri, 07/27/2012 - 09:59 | Link to Comment Peterpaul
Peterpaul's picture

You have no idea! Part of my job is to track down deadbeats so our firm can go after assets. I get details, usually from people's wives or girlfriends, as to where they may be living and/or other assets all the time. Then they get served.

Idiots. Why anyone leaves that open is beyond me...

Fri, 07/27/2012 - 09:24 | Link to Comment Jason T
Jason T's picture

OT: According to Zillow, my house just lost $12k in the last 30 days..  thought housing bottomed and was going up from here?

Fri, 07/27/2012 - 09:29 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I borrowed $269K from my piece of suburban utopia yuppie key-partyville back in 2007 (before I entered the world of ZH).  There are 80 homes in me development of lab rats and three are currently on the market, empty, for $199K, $200K, and $202K.  I would imagine, based on shadow inventory, foreclosures, and further deflation in the housing market, that they will be worth $110-120K when all is said and done.  Then again, $110K might be the price for a bottle of KY jelly then.  Lord knows the KY Jelly will have much more value, as my anus is goatsed to the max.  Thanks Benrnake, Freddie Mac Kiss My ass.

On a side note, my three year old loves the song red solo cup and the line "Freddie Mac kiss my ass" is her favorite.  I don't correct her and encourage her to sing that line to all she meets.

Fri, 07/27/2012 - 09:51 | Link to Comment Dermasolarapate...
Dermasolarapaterraphatrima's picture

Dr., I never thought the plunge would affect the lower priced houses also but I am now seeing $155K houses dropping to $116k with almost no interest even at that level. Some two story houses are on the market for over 180 days for less then $42 per sq foot and zero takers...zippo...nada.

I took at look at some of Dr Bubbles places in Cali (Laguna this and San that) and they are now dropping as the infection spreads. As significant, OC Pension is in the hole $10 billion so more pain to come maybe:

 

The Orange County Employees Retirement System – which has assets valued at some $10 billion — also happens to be about $10 billion shy of what it needs to fulfill its pension promises to workers, according to a study of California’s largest independent pension systems by researchers at Stanford University. Put another way, OCERS is only 53.5 percent funded, they said. Stanford suggests that a healthy system must be at least 80 percent funded

 

http://taxdollars.ocregister.com/2012/03/09/stanford-o-c-retirement-syst...

 

Property taxes have to rise or pensions cut they say.

Fri, 07/27/2012 - 10:00 | Link to Comment Rainman
Rainman's picture

" California has nearly 10 times the number of underwater homes compared to homes listed on the MLS ".

http://www.doctorhousingbubble.com/expensive-homes-california-home-prices-up-low-interest-rates-2012/

Fri, 07/27/2012 - 10:12 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

The Fed and Freddie/Fannie can only delay the inevitable.  The idea that a handfull of silver will be able to secure a dwelling in the future sure seems a distinct possbility.  Debt repudiation will be required at some point where digital representations of assets and debts revert to the mean of their true value - Mother Fucking Zero!

Fri, 07/27/2012 - 09:34 | Link to Comment Winston of Oceania
Winston of Oceania's picture

It went down because they are through assesing your homes value for TAXES, get a clue, then get pissed and file suit. This has been going on for five years now, they don't even look at the physical property any longer, house could be made of cardboard and they use "comparative sales values". It would of course help if they actually compared it to something...

Fri, 07/27/2012 - 09:26 | Link to Comment bob_dabolina
bob_dabolina's picture

Does anyone remember the congressman on CNBC prior to the Facebook IPO compelling FB to be responsible and let charities get in on the action? In one of the rare moments I witnessed a CNBC anchor pose the only coherent question "but what if the stock price goes down?" the reply to which came as quick as a jack rabbit "but it won't come down, let's be real about this opportunity"

ha. ha fucker

Fri, 07/27/2012 - 09:29 | Link to Comment LoneStarHog
LoneStarHog's picture

Bob Pastrami Circa 2003 With Gold Trading Around $350"Trust Me, Folks, Gold Is Going Nowhere!"

Fri, 07/27/2012 - 09:28 | Link to Comment neptunium
neptunium's picture

I'm quite sure we're heading for another monumental pan-global stock market crash, P/E has been completely ignored in so many cases that Facebook and Amazon are just the tip of the iceburg, I refuse to believe they can keep this bubble propped up long enough for genuine earnings/growth to step in and save the day.

 

 

Fri, 07/27/2012 - 09:32 | Link to Comment Cursive
Cursive's picture

@neptunium

It'll go down, for sure.  But now we've got the end-of-month to deal with and don't forget the beginning of the month brings all sorts of 401(k) buyers into the market, so we've got to wait awhile longer.

Fri, 07/27/2012 - 10:11 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

Post-election, the markets will tumble.

Sun, 07/29/2012 - 15:52 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

more than ignored - the one fool who told me that FB was a good buy also told me that P/E analysis is garbage. FOREVER. On EVERYTHING not just FB.

Fri, 07/27/2012 - 09:29 | Link to Comment Cursive
Cursive's picture

FB IPO was suppossed to save 2012.  I guess the market doesn't need any horsemen.  It just chugs along, regardless of leadership.  Rotation, rotation, rotation.  Hot potato, hot potato, hot potato.

Fri, 07/27/2012 - 09:29 | Link to Comment UGrev
UGrev's picture

This is just a reminder that when your "product" really isn't a "product".... *BAWOOSH*

Fri, 07/27/2012 - 09:31 | Link to Comment Winston of Oceania
Winston of Oceania's picture

They're product is information, they just don't seem to grasp that.

Fri, 07/27/2012 - 10:16 | Link to Comment pods
pods's picture

The alphabet soup agencies certainly grasp that.

pods

Fri, 07/27/2012 - 09:38 | Link to Comment RacerX
RacerX's picture

But it's so much *more* than just a product.

Product is so 1980.

Fri, 07/27/2012 - 09:30 | Link to Comment Winston of Oceania
Winston of Oceania's picture

They'll be fine once they start selling all your information to Google, ALL of it...

Fri, 07/27/2012 - 14:20 | Link to Comment el Gallinazo
el Gallinazo's picture

Al CIAda owns FaceBook AND Google.  Intracompany transfer.

Fri, 07/27/2012 - 09:33 | Link to Comment Downtoolong
Downtoolong's picture

I don’t care what happens to Facebook or Zinga stock prices at this point. Even if they go to $100 per share (which they won’t unless the Fed prints another $trillion dollars), I’m just glad I don’t have to ride through this sham of a roller coaster ride foisted on the investment community by Wall Street. I didn’t touch the Facebook IPO with a ten foot pole. I can’t believe so many highly paid professional investment managers did. Today, I’ve lengthened it to a fifty foot pole. Good luck to Facebook now if they ever want to raise any more equity capital.

 

Here’s a question that should be explored in great depth by the SEC. How much of the upward drift in Facebook share prices after the first post IPO collapse was due to trades between the major dealers and market makers who were still stuck with shares? In other words, how much of that price rise was due to a coordinated pump manipulation by insiders self-dealing among themselves? I suspect it was a lot, and it wouldn’t be all that difficult to prove by analyzing their trade records. Yea right, like that’s ever going to be allowed to happen.

 

Fri, 07/27/2012 - 09:49 | Link to Comment blunderdog
blunderdog's picture

It doesn't cost that much to run a website.  They should have enough cash on hand to last 20 years.  The IPO was just a straight-up heist--what's a website/data-warehousing company going to spend $100B on?  Better infrastructure?

Fri, 07/27/2012 - 20:44 | Link to Comment ForTheWorld
ForTheWorld's picture

As many SANs and dedicated pipes as they can get. If the most recent users figure of 900,000,000 was anywhere near accurate, and they ONLY had 10MB of data on every user, then their data storage requirements for the database that stores user data only will be in excess of 9.5 petabytes (or 9,500 terabytes). Or, 9,000,000 gigabytes (seeing as though gigabytes is still the generally accepted storage denomination at the moment).

That doesn't take into account the fact that even if they only do the bare minimum of backups, and there's replication across tens of thousands of servers involved, that's a LOT of data storage requirements. I'd want at LEAST 100PB of storage for data storage and backup to disk.

Then there's dedicated servers to mine the data, the network infrastructure to do it. When you're running a global data mining operation, you need as much infrastructure as you can get.

So, $100B? Well, you wouldn't use all of it, but even using the money the company I work for has spent on two servers for virtualisation, you could blow through $10B easily if scaled up to Facebook size.

Sat, 07/28/2012 - 16:25 | Link to Comment blunderdog
blunderdog's picture

Whoa.  You completely misunderstand their real purpose in raising money.

It has nothing to do with infrastructure.  If FB could find a secure way to farm the whole operations side out, they'd do it in a HEARTBEAT. 

They want to be a global brand being paid rent on intellectual property which is given to them for free. 

It sounds like you know something about the technology, but not the business.

Sun, 07/29/2012 - 15:50 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I think you're misunderstanding 2 factors.

#1 the pipes don't need to be big because the data will be small

#2 the storage doesn't need to be "as big" because it's being shared with someone else with a vested interest (cough NSA cough cough)

Sun, 07/29/2012 - 15:49 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Nanex is quoting price disparity more than $10 apart from bid and ask and stoppage of NASDAQ quote-reporting during the FB IPO. That's a big deal.

Fri, 07/27/2012 - 09:33 | Link to Comment Josh Randall
Josh Randall's picture

But, but they have a new Jobs Board coming out soon....take that LinkedIn

Fri, 07/27/2012 - 09:34 | Link to Comment fbachan
fbachan's picture

Bravo Zukerberg! I love the way you fucked up the Wall Street vermin.

 

Fri, 07/27/2012 - 09:34 | Link to Comment LULZBank
LULZBank's picture

BTFD Bitchezz!!!!

Fri, 07/27/2012 - 09:35 | Link to Comment magpie
magpie's picture

Fuck You...for ripping me off fair and square.

Fri, 07/27/2012 - 09:36 | Link to Comment DOT
DOT's picture

Now the shareholders can get "sold-out" just like the users !

Fri, 07/27/2012 - 09:37 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

Couldn't happen to a nicer POS

Fri, 07/27/2012 - 09:38 | Link to Comment GMadScientist
GMadScientist's picture

Fair value: $12

Fri, 07/27/2012 - 09:55 | Link to Comment DUNTHAT
DUNTHAT's picture

Methinks fair value is 6

Fri, 07/27/2012 - 10:36 | Link to Comment Stackers
Stackers's picture

Me thinks $0.12

I'm thinking Sirius/XM price action myself. I'll go all in at $0.11

 

Exact same logic for both companies and Pandora and Netflix ............

"Oh wow, this is the neatest thing since sliced bread" ... followed shortly by,

"Oh wait, these guys dont actually make anything (namely money) and have never ending increasing cost overhead"

Fri, 07/27/2012 - 10:49 | Link to Comment TrainWreck1
TrainWreck1's picture

MS will defend vigorously @ $0.10

Sun, 07/29/2012 - 15:47 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

quasi-agreed at $10. That's including all inflationary & manipulation pressures across the market. Without that rigging I'd put it at 10c/share but that includes giant write-downs for EVERYTHING so I am withholding a quote across the board for big tickers until I feel I can write them all together with FB = 0.10/share

Fri, 07/27/2012 - 09:39 | Link to Comment gjp
gjp's picture

But look at AMZN - could there be any better demonstration of what this market has become?

Fri, 07/27/2012 - 09:42 | Link to Comment marriedgeordie
marriedgeordie's picture

guys, that was not an IPO, but an IQ test. if you bought into this, your IQ was lower than 38.

Sun, 07/29/2012 - 15:46 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Holy shit, Facebook made a real live IQ test that keeps tracking.

I guess they're pretty smart after all.

Fri, 07/27/2012 - 09:51 | Link to Comment Dr. Engali
Dr. Engali's picture

I'd be interested to see how many members there are versus how much actual usage there is. All I know is anecdotally speaking the more they cram it with shit, the less people are using it.

Fri, 07/27/2012 - 09:56 | Link to Comment Nadaclue
Nadaclue's picture

The talking heads on teewee say Facefail has 500 MM daily users. I don't know if it is counting the mooks that sign on four times a day like my sis or if those are unique users. I suspect it is sign ons and not uniques. Numbers look better that way for the pump.

Fri, 07/27/2012 - 09:44 | Link to Comment mobius8curve
mobius8curve's picture

Facebook is being brought down so they can czar them just like GM and use it to control the masses just like the Beast wants

Fri, 07/27/2012 - 09:47 | Link to Comment PaperBear
PaperBear's picture
Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4

On it’s way to $4 to make into the 90% club.

Fri, 07/27/2012 - 09:46 | Link to Comment Downtoolong
Downtoolong's picture

Get ready for a wave of analysts and market reporters littering every financial section of every news website with articles revealing new insights as to why Facebook is such a great buy now. Please overlook the fact if you read them that most of those uh, independent writers are being compensated in one way or another by Facebook’s marketing department.  

 

That’s you too Cramer.

Fri, 07/27/2012 - 09:47 | Link to Comment Lost Wages
Lost Wages's picture

Does anyone know where I can get some Tweeter stock before the IPO?

Sun, 07/29/2012 - 15:45 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

@Graphenestocks , http://twitter.com/graphenestocks ?

Fri, 07/27/2012 - 09:48 | Link to Comment Meesohaawnee
Meesohaawnee's picture

and dont forget. hedge fund hotel crapple not lightin it up either...

Fri, 07/27/2012 - 09:49 | Link to Comment JPMorgan
JPMorgan's picture

FaceDunk +1

Anyone who was not aware that this IPO was well over priced from the off deserves to be taken to the cleaners.

They offer a free social networking service... where is the YoY revenue growth.

Fri, 07/27/2012 - 09:52 | Link to Comment paddy0761
paddy0761's picture

HOLY ZUCK!

Fri, 07/27/2012 - 10:05 | Link to Comment TWSceptic
TWSceptic's picture

Fallbook hasn't hit bottom, not even close. Is this the employees and insiders selling?

 

In any case it's going to fair value, lower single digits.

Fri, 07/27/2012 - 09:56 | Link to Comment Meesohaawnee
Meesohaawnee's picture

come on ben. you can give me a 1380 print on the SPY..we know you can program the algos for that...come on bennie

Fri, 07/27/2012 - 10:01 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture


FACEtiousBOOK

Fri, 07/27/2012 - 10:01 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

I posted on my FB page pre IPO that this was the most over priced IPO in history and to stay the hell away from it, two of my friends bought and one of them added to his position the day before earnings.

LMFAO

 

Fri, 07/27/2012 - 10:11 | Link to Comment Mr Pink
Mr Pink's picture

now that IS funny!

Fri, 07/27/2012 - 10:09 | Link to Comment LoneStarHog
LoneStarHog's picture

HELP! ... Verification Needed!

Someone just JUMPED from Faceberg and is in the water wearing FLOATIES.  It looks like MillionDollarBonus.

Can anyone confirm this sighting?

If it is not him, I guess that he is happy with another buying opportunity to enhance the stories that he will tell his grandchildren.

Sun, 07/29/2012 - 15:43 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

MDB was fakin' it. What you're seeing in the water is RobotTrader giving a "Titanic goodbye" kiss to Max Fischer

Fri, 07/27/2012 - 10:09 | Link to Comment spjk2k
spjk2k's picture

fb might as well change the "share this" button to "short this".

Fri, 07/27/2012 - 10:17 | Link to Comment Fantasy Planet
Fantasy Planet's picture

FB is down only because drought is killing Farmville crops!

Fri, 07/27/2012 - 10:23 | Link to Comment Bogdog
Bogdog's picture

Today FB has decoupled from EURUSD. All my charts are shit.

Sun, 07/29/2012 - 15:43 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

chart FB stock price vs your Mafiawars take from all your casinos and divide by the adfeeds tagged by your friends and use that as f(x) input x such that f(x) = Goldman Sachs CEO bonus / x

There ya go.

Fri, 07/27/2012 - 10:29 | Link to Comment Seasmoke
Seasmoke's picture

you all have been Winklevossed !!!

Fri, 07/27/2012 - 11:03 | Link to Comment larz
larz's picture

Charles Biderman paging mr biderman..........

Fri, 07/27/2012 - 11:07 | Link to Comment SubjectivObject
SubjectivObject's picture

It's only algos trading FacePlant anyway.  I'd be willing to bet that right about now if you ask around that you could not find one person who bought it at initial. 

Sun, 07/29/2012 - 15:41 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Actually someone was swearing up and down to me that FB is a good value over 26 and won't hit below it and was heading easily back to stay at 34. Seriously.

YES, HE'S SUPER-SERIAL.

I shorted that bitch.

Fri, 07/27/2012 - 11:18 | Link to Comment Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Webvan, Pets.com, & AskJeeves stocks aren't doing well either.

If U sell your Facebook stock, U get paid in Flooz & AOL CDs.

 

The Webvan wiki is pretty damn funny when U read how much money they threw away.

Webvan:

https://en.wikipedia.org/wiki/Webvan

Flooz:

https://en.wikipedia.org/wiki/Flooz.com

Fri, 07/27/2012 - 11:39 | Link to Comment e-recep
e-recep's picture

this has become a FACEial.

Fri, 07/27/2012 - 11:40 | Link to Comment Yohimbo
Yohimbo's picture

Did I mention I hate Facebook to the core of my being and Hate J-boy smirking scammer Bedwetter even more? 

Fri, 07/27/2012 - 11:50 | Link to Comment TrainWreck1
TrainWreck1's picture

LOL, check this out:

http://smallbusiness.yahoo.com/advisor/lack-financial-outlook-drives-down-facebook-shares-111401808--sector.html

Despite Facebook's slide from grace, many analysts still see the stock bouncing back.

Six analysts rate the stock a "strong buy," 11 rate it "buy,", 17 rate it a "hold", while one each rate it a "sell" and "strong sell", according to Thomson Reuters' StarMine. The mean price target on the stock is $38.00, suggesting a 71 percent upside to Friday's low of $22.28.

 

Riiiiiight - and it's gonna bounce on 8/19 when unlock city kicks in.

 

Fri, 07/27/2012 - 13:54 | Link to Comment CitizenPete
CitizenPete's picture

so... BTF-FB-D

 

Hello, I'm Charles Biderman from Sauce-alee-toe buying more Facebook and re-writing the US Constitution.  (You didn't want that 2nd ammendment anyway)  Bend waaay over with me and get butt Zucked. 

Fri, 07/27/2012 - 14:16 | Link to Comment JuliaS
JuliaS's picture

I throught the goal of the IPO was to let Zuker and his buddies dump shares at inflated prices during the peak of company's popularity. They managed to time it perfectly.

Fri, 07/27/2012 - 14:30 | Link to Comment KJoz
KJoz's picture

Does anyone know what site ZeroHedge gets its charts? Is there any good free chart websites? (other then stockcharts.com)

Sun, 07/29/2012 - 15:38 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

stockcharts.com

freestockcharts.com - has CSV download for excel

tdwaterhouse.ca - has decent hourly & minute charts with long time-frames looking back

finviz , e.g. Futures Performance

and for graphics I'm seeing the telltale signs of Snagit and I suspect GIMP with some arrow-scriptfu added in.

I'd recommend finding GIMP for Windows and it's always in Linux. This allows transparency layers of charts to re-size and overlay yourself though you can use ODF / OpenOffice and LibreOffice (windows, linux) to do this with less elegance in some features, more ease in others.

When I have more than 3 overlays typically I'm using GIMP to throw transparencies on top of each other with various layers for marking and/or text which are also partially transparent if needed. That's how I did the toiletbook chart - http://stks.co/b2uN

Layers are: text (black on transparent), Failbook icon (clipped layer at bottom), toilet GIF originally black on white, FB chart from stockcharts.com - edit = select all WHITE or "non-black" (invert selection) of toilet GIF layer then DELETE (now transparent) so it's below all layers EXCEPT It's above the FB chart layer (which is bottom-most)

And voila ... technical analysis magic. Older toiletbook chart was http://flic.kr/p/ci31Js so you can see that was a good call.

I think ZH posters / Tylers are using some more expensive non-free feeds and charting software.

NANEX also has non-free feeds but FREE opensource charting software / quote-listing software which naturally uses their tape format sensitive down to the millisecond. That's right, THE MILLISECOND.

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