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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 | 2656105 Overflow-admin
Overflow-admin's picture

Bring It Down!

Fri, 07/27/2012 - 09:20 | 2656110 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Zuckered!!!!!!!!

Fri, 07/27/2012 - 09:23 | 2656117 skistroni
skistroni's picture

In your FACEbook, bitchez!!!

Fri, 07/27/2012 - 09:37 | 2656195 GetZeeGold
GetZeeGold's picture

 

 

That's gonna leave a mark.

 

Fri, 07/27/2012 - 09:53 | 2656270 veyron
veyron's picture

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

Fri, 07/27/2012 - 12:30 | 2657007 imaginalis
imaginalis's picture

FaceBLOOP

Fri, 07/27/2012 - 13:15 | 2657226 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 | 2661573 MeelionDollerBogus
MeelionDollerBogus's picture

isn't the entire IPO insiders selling?

Fri, 07/27/2012 - 19:54 | 2658318 StychoKiller
Mon, 07/30/2012 - 00:28 | 2661571 MeelionDollerBogus
MeelionDollerBogus's picture

c-c-c-COMBO BREAKER

SUPREME VICTORY

Fri, 07/27/2012 - 09:40 | 2656215 augustusgloop
augustusgloop's picture

Zucker punch.

Fri, 07/27/2012 - 09:22 | 2656116 engineertheeconomy
engineertheeconomy's picture

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

Fri, 07/27/2012 - 09:25 | 2656130 Barometer
Barometer's picture

Yes!! Smash them !!

Fri, 07/27/2012 - 10:28 | 2656426 Dr. Richard Head
Dr. Richard Head's picture

Zuckerz!

Fri, 07/27/2012 - 09:21 | 2656108 monopoly
monopoly's picture

Buy the dip. :)

Fri, 07/27/2012 - 09:23 | 2656124 engineertheeconomy
engineertheeconomy's picture

You're confusing FB with GOLD

Fri, 07/27/2012 - 09:24 | 2656125 SheepRevolution
SheepRevolution's picture

In a year or two..

Fri, 07/27/2012 - 09:20 | 2656111 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 | 2656112 Careless Whisper
Careless Whisper's picture

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

Fri, 07/27/2012 - 09:36 | 2656131 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 | 2656136 FrozenOut
FrozenOut's picture

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

Fri, 07/27/2012 - 10:07 | 2656344 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 | 2656564 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 | 2656114 Vincent Vega
Vincent Vega's picture

Facebrrrrrrrrrrrrrr!

Fri, 07/27/2012 - 09:24 | 2656119 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 | 2656239 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 | 2661555 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 | 2656126 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 | 2656242 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 | 2656349 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 | 2656305 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 | 2656128 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 | 2656143 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 | 2656264 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 | 2656313 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 | 2656370 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 | 2656182 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 | 2656132 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 | 2656149 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 | 2656141 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 | 2656170 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 | 2656296 Tippoo Sultan
Tippoo Sultan's picture

Post-election, the markets will tumble.

Sun, 07/29/2012 - 15:52 | 2660663 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 | 2656145 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 | 2656147 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 | 2656163 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 | 2656387 pods
pods's picture

The alphabet soup agencies certainly grasp that.

pods

Fri, 07/27/2012 - 09:38 | 2656207 RacerX
RacerX's picture

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

Product is so 1980.

Fri, 07/27/2012 - 09:30 | 2656154 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 | 2657606 el Gallinazo
el Gallinazo's picture

Al CIAda owns FaceBook AND Google.  Intracompany transfer.

Fri, 07/27/2012 - 09:33 | 2656175 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 | 2656257 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 | 2658382 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 | 2659381 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 | 2660661 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 | 2660655 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 | 2656177 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 | 2656183 fbachan
fbachan's picture

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

 

Fri, 07/27/2012 - 09:34 | 2656184 LULZBank
LULZBank's picture

BTFD Bitchezz!!!!

Fri, 07/27/2012 - 09:35 | 2656185 magpie
magpie's picture

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

Fri, 07/27/2012 - 09:36 | 2656190 DOT
DOT's picture

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

Fri, 07/27/2012 - 09:37 | 2656200 MillionDollarBoner_
MillionDollarBoner_'s picture

Couldn't happen to a nicer POS

Fri, 07/27/2012 - 09:38 | 2656205 GMadScientist
GMadScientist's picture

Fair value: $12

Fri, 07/27/2012 - 09:55 | 2656275 DUNTHAT
DUNTHAT's picture

Methinks fair value is 6

Fri, 07/27/2012 - 10:36 | 2656311 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 | 2656516 TrainWreck1
TrainWreck1's picture

MS will defend vigorously @ $0.10

Sun, 07/29/2012 - 15:47 | 2660648 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 | 2656208 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 | 2656219 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 | 2660645 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 | 2656226 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 | 2656278 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 | 2656233 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 | 2656240 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 | 2656245 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 | 2656248 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 | 2660642 MeelionDollerBogus
MeelionDollerBogus's picture

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

Fri, 07/27/2012 - 09:48 | 2656251 Meesohaawnee
Meesohaawnee's picture

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

Fri, 07/27/2012 - 09:49 | 2656254 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 | 2656267 paddy0761
paddy0761's picture

HOLY ZUCK!

Fri, 07/27/2012 - 10:05 | 2656281 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 | 2656284 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 | 2656317 Fix It Again Timmy
Fix It Again Timmy's picture


FACEtiousBOOK

Fri, 07/27/2012 - 10:01 | 2656318 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 | 2656367 Mr Pink
Mr Pink's picture

now that IS funny!

Fri, 07/27/2012 - 10:09 | 2656354 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 | 2660639 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 | 2656355 spjk2k
spjk2k's picture

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

Fri, 07/27/2012 - 10:17 | 2656389 Fantasy Planet
Fantasy Planet's picture

FB is down only because drought is killing Farmville crops!

Fri, 07/27/2012 - 10:23 | 2656411 Bogdog
Bogdog's picture

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

Sun, 07/29/2012 - 15:43 | 2660637 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 | 2656436 Seasmoke
Seasmoke's picture

you all have been Winklevossed !!!

Fri, 07/27/2012 - 11:03 | 2656575 larz
larz's picture

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

Fri, 07/27/2012 - 11:07 | 2656593 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 | 2660631 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 | 2656625 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 | 2656737 e-recep
e-recep's picture

this has become a FACEial.

Fri, 07/27/2012 - 11:40 | 2656742 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 | 2656793 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 | 2657426 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 | 2657584 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 | 2657662 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 | 2660628 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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