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FaceBerg

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 - 14:35 | 2472791 Aztec Warrior
Aztec Warrior's picture

Face2Palm - (remember the B2B B2C C2C craze in the 1999 2000 bubble)

Tue, 05/29/2012 - 14:38 | 2472804 hangemhigh77
hangemhigh77's picture

More like FaceFuck.  FRAUD is the business of Amerika.

Tue, 05/29/2012 - 14:40 | 2472812 Timmay
Timmay's picture

Face YOU! You Facing Face!

Tue, 05/29/2012 - 14:43 | 2472824 TWSceptic
TWSceptic's picture

The sad part is.. the insiders probably knew this was going to happen or at least they knew there'd be a high probability at such overvalued ipo price.

Tue, 05/29/2012 - 15:01 | 2472925 NotApplicable
NotApplicable's picture

Well, last I checked, the Corzine Multiplier* is still in effect.

*If he don't hang, we gonna gain

Tue, 05/29/2012 - 14:43 | 2472832 firstdivision
firstdivision's picture

Think my stop-limit buy order for $1 will trigger?

Tue, 05/29/2012 - 15:01 | 2472923 Matt
Matt's picture

only in a flash crash, which unfortunately triggers a mulligan.

Tue, 05/29/2012 - 15:04 | 2472935 firstdivision
firstdivision's picture

Sooo....I should set it for $1.01?

Tue, 05/29/2012 - 14:44 | 2472835 WTFisThat
WTFisThat's picture

gold on salle today...

Tue, 05/29/2012 - 14:45 | 2472838 ruttrow
ruttrow's picture

Gold on salle today eh? -1 for you too.

Tue, 05/29/2012 - 14:45 | 2472839 Diet Coke and F...
Diet Coke and Floozies's picture

Who is the CHILD that is giving every post a down arrow?

Tue, 05/29/2012 - 14:51 | 2472878 kralizec
kralizec's picture

Maybe Zuckerberg joined up?

Tue, 05/29/2012 - 14:56 | 2472903 TrainWreck1
TrainWreck1's picture

Cramer?

Tue, 05/29/2012 - 15:07 | 2472953 kralizec
kralizec's picture

The Child is still here apparently, whoever it is...

Tue, 05/29/2012 - 17:03 | 2473386 BLACK_DOG
BLACK_DOG's picture

see if mine holds!

 

Tue, 05/29/2012 - 17:18 | 2473448 Karl von Bahnhof
Karl von Bahnhof's picture

Paid per -Click?

Tue, 05/29/2012 - 17:29 | 2473476 Karl von Bahnhof
Karl von Bahnhof's picture

Cmon, gimme one down, dont be such a SOB! I feel as a zucker here...

Tue, 05/29/2012 - 17:29 | 2473479 Karl von Bahnhof
Karl von Bahnhof's picture

Damn!

Tue, 05/29/2012 - 15:10 | 2472976 Kilgore Trout
Kilgore Trout's picture

On this post, a down arrow is 'priced in'.

Tue, 05/29/2012 - 15:12 | 2472985 kralizec
kralizec's picture

Heh!

Tue, 05/29/2012 - 14:46 | 2472845 Pairadimes
Pairadimes's picture

Fleecebook.

 

This baby is a solid hold at $5.

Tue, 05/29/2012 - 16:56 | 2473366 Karl von Bahnhof
Karl von Bahnhof's picture

Fuck-a-bug
Fuck-a-book
Fuck-a-bag

Fuckeberg

SNAZU

Tue, 05/29/2012 - 14:46 | 2472848 JLee2027
JLee2027's picture

When you really think about it, they tried to sell 109 billion dollars of new stock in a dying market. Laughable in hindsight.

Tue, 05/29/2012 - 14:52 | 2472884 Lednbrass
Lednbrass's picture

It deserved much hilarity in foresight also.

Tue, 05/29/2012 - 15:06 | 2472948 azzhatter
azzhatter's picture

there wasn't $109 B available. There only sold/tried to sell about $15B

Tue, 05/29/2012 - 15:15 | 2472993 JLee2027
JLee2027's picture

Insiders hold the rest....

Tue, 05/29/2012 - 14:51 | 2472874 world_debt_slave
world_debt_slave's picture

time for a massive circle jerk with Cramer in the middle

Tue, 05/29/2012 - 14:54 | 2472880 John Law Lives
John Law Lives's picture

It will be interesting to see how FB responds to the clamor re. its relatively anemic annual revenue stream (i.e. ~$4 Billion) vs. the company valuation.  Let's see how they try to raise revenues.

As a side note, I voted for Dr. Ron Paul in the Texas GOP Primary today.  It sure would be nice if he were on the ticket in November.

Tue, 05/29/2012 - 14:51 | 2472882 Bartanist
Bartanist's picture

Morgan Stanley is a dirt cheap stock?

Oh, man ... they said that about Worldcom.

Tue, 05/29/2012 - 14:53 | 2472893 LouisDega
Tue, 05/29/2012 - 14:56 | 2472902 Diet Coke and F...
Diet Coke and Floozies's picture

Have yer IPO spayed or neutered?

Tue, 05/29/2012 - 15:01 | 2472901 John Law Lives
John Law Lives's picture

BTW, is there some angry fvcktard giving one (or more) minus ratings to every post on this thread?  If so, get a life, fvcktard.

Tue, 05/29/2012 - 16:30 | 2473298 Grinder74
Grinder74's picture

If there is, I just zero-summed him/her/it.

Tue, 05/29/2012 - 15:08 | 2472910 CrashX
CrashX's picture

I thought the big ad agencies followed lockstep with the big banks (owned by the same assholes) - so the megacorps just toss money at whatever the agencies recommend. 

So I really don't "get" this devaluation of FB. The company is worthless, but can be manipulated by the banks to gain or lose any "value" they wish. If the banks tell the media buyers to buy ads on FB, then they'll do as they're told. 

They basically created a stock that they could freely manipulate however they like. The only true "valuation" of the stock is whatever the banks decide?

At least small businesses actively advertise on Google. FB is just a TBTF circle-jerk. 

So what's up now?

They opened the stock up to "options" - zuckering in more investors to "short" the stock by creating a massive "sell-off". They then just calculate how much money they wish to make and artifically prop the stock back up to earn the most money, zuckering the "shorters"?

Not being an insider, I wouldn't get anywhere near that BS. It's been a set-up from the start and always will be. If diamonds are forever, then so is Facebook. Maybe it's just the diamond replacement given no one can afford to get married these days, what with all the kids living with their parents - tweeting and fb-ing each other?

The only "speculation" on FB by anyone other than the "insiders" is a stupid bet against the house. Because, as we already know, even if the house gets SO greedy it fails, we just bail them out again. 

Again, I think they just didn't make as much as they wanted when NASDAQ f'd the IPO raid, so now they're setting up stupid investors to "short" a stock they can artifically prop back up at any time. 

Seriously, corporate circle-jerk aside, what (if ANY) real value does FB offer? 

Tue, 05/29/2012 - 14:58 | 2472912 TraitorsHang
TraitorsHang's picture

Bullish!

"You just have to buy things and accept that they're over-valued." ---Cramer @ Dow 14000.

 

Tue, 05/29/2012 - 15:04 | 2472937 azzhatter
azzhatter's picture

I'm always amazed anybody follows Cramer and if they do, I'm equally amazed someone hasn't beat the shit out of him

Tue, 05/29/2012 - 15:31 | 2473053 CrashX
CrashX's picture

Yeah, that's beyond me. He's like a weatherman who forecasts blizzards in Texas over Memorial Day because he got paid off with stock in snow plows. 

Tue, 05/29/2012 - 15:07 | 2472954 JackT
JackT's picture

And the P/E is still in the 90s?

Tue, 05/29/2012 - 15:14 | 2472991 walküre
walküre's picture

not after being adjusted today

Tue, 05/29/2012 - 15:13 | 2472987 ruttrow
ruttrow's picture

Would you recognize Cramer as someone else on here?

Tue, 05/29/2012 - 15:19 | 2473006 soopy
soopy's picture

FaceBerged.  I like it.  Let's make it a new meme.

Tue, 05/29/2012 - 15:29 | 2473043 Kastorsky
Kastorsky's picture

and that on the up day

Tue, 05/29/2012 - 15:30 | 2473045 moofph
moofph's picture

...i just could not resist:

http://www.youtube.com/watch?v=toXhZi5PWmw

"two words"

Tue, 05/29/2012 - 15:33 | 2473059 Uncle Remus
Uncle Remus's picture

Is it Schadenfreude if it (the reaming) was so fucking obvious?

Tue, 05/29/2012 - 15:34 | 2473069 Downtoolong
Downtoolong's picture

Cramer. So wrong for sooo long. Can there be any question he's a Wall Street shill, or the rest of the MSM for that matter?

Wed, 05/30/2012 - 04:38 | 2474438 Flying Tiger Comics
Flying Tiger Comics's picture

He's working the human power elite mojo from They Live. We don't even need Hoffman lenses to detect him. Because he is an outrageous liar.

 

John Stewart (not his real name) made fun of him as though it's all some joke and we can just get on with our lives- but the control system is hurting and killing people so it makes it hard to find it funny except in a Darwin Awards sort of way.

Tue, 05/29/2012 - 15:39 | 2473082 ruttrow
ruttrow's picture

[redacted]

Tue, 05/29/2012 - 15:42 | 2473106 ruttrow
ruttrow's picture

[redacted]

Tue, 05/29/2012 - 15:43 | 2473112 ruttrow
ruttrow's picture

[redacted]

Tue, 05/29/2012 - 15:44 | 2473116 ruttrow
ruttrow's picture


[redacted]

Tue, 05/29/2012 - 15:58 | 2473175 YesWeKahn
YesWeKahn's picture

FaceBook -> FartBook -> FraudBook -> FallBook -> FuckBook.

It's over.

Tue, 05/29/2012 - 16:03 | 2473206 SmoothCoolSmoke
SmoothCoolSmoke's picture

Dang!  FB puts on day one.......man what a sweet thng that woulda been.

Tue, 05/29/2012 - 16:03 | 2473208 tony wilson
tony wilson's picture

 

face up.

face facts

face fucked

Tue, 05/29/2012 - 16:05 | 2473212 nudlee
nudlee's picture

love how someone voting down everyone, poor sucker must be still holding his shiny FB longs

Tue, 05/29/2012 - 16:28 | 2473283 Grinder74
Grinder74's picture

Facebook (NASDAQ:FB)

Let's show those banksters how it's really done. Price it with your arrows ladies and gents!

Tue, 05/29/2012 - 17:38 | 2473503 CrashX
CrashX's picture

This is just stupid. Anyone "investing" in this stock - shorting or whatnot - is buying into what y'all have singled out as a "muppet" stock. 

It holds no true value, never will. Speculating on speculation is the name of the game - and betting "for" or "against" will only land you in the house's purse. 

But I did succeed today in downloading the HFT app from my iPad, while I was visting the NYSE (NASDAQ is their little bitch anyway)... I pressed it as close against the glass as I could. 

Anyway, I invested $100,000 and my app cleared me $500,000 - so done with posting on ZeroHedge while I party my ass off. 

Tue, 05/29/2012 - 17:47 | 2473521 Grinder74
Grinder74's picture

Found on wallstcheatsheet.com:

Despite these near-term issues, we expect dramatic long-term revenue growth. Facebook has built a huge moat between it and its competitors, and we endorse Mr. Zuckerberg’s mission (if not his wardrobe). As Facebook enhances the user experience, we expect three things to happen: (1) a better experience will lead to more users; (2) a better experience should also lead to more engagement; and (3) a greater user base that spends even more time than the current user base will likely be an irresistible target for advertisers.

Maintaining our OUTPERFORM rating and 12-month price target of $44, which implies a 22x multiple on our hypothetical 2015 EPS figure of $2.00. We think that our price target is warranted due to Facebook’s huge upside potential for revenue and earnings growth.

Michael Pachter is an analyst at Wedbush Morgan.

Tue, 05/29/2012 - 18:47 | 2473654 Yohimbo
Yohimbo's picture

why when I read a post about facefuck I start laugh histerically?  

It must be the thought of all those idiot greater fool muppets dreaming they were gonna get rich, but found themselves the last fool in line. 

heh,

there appears to be two muppets here still holding the facerip bag. thats funny guys, your losses and -2 for you

Tue, 05/29/2012 - 19:25 | 2473718 Dburn
Dburn's picture

Here's a question I can't find an answer too: The "berg" sold over a billion dollars worth of shares before trading to cover "tax issues". Does he owe Cap Gains tax at 15% for say 7 Billion worth of shares sold for cash on the private excange ebfore the company went public? So this douche-muffin may have already walked with billions before any kind of lock-up expires?

That one needs to be worked to add a little more kindling to the flame here. This thing stinks to high heaven.

 

Tue, 05/29/2012 - 19:54 | 2473764 EclecticParrot
EclecticParrot's picture

Happy the smart phone rumors failed to prop up Face-Pamphlet today.  ("Well, gee, we got this compost pile of cash from them on the IPO, let's figure out a way to turn their idolatry into a perpetuity.") 

"Smart phone", eh?  No one's ever been rescued by an oxymoron.

Tue, 05/29/2012 - 23:23 | 2474116 Yohimbo
Yohimbo's picture

can a stock go negative?

Wed, 05/30/2012 - 00:26 | 2474150 tony wilson
tony wilson's picture

how does the song go...

cia

people that love people are the luckiest people in the world.

the romance ohh the body language.

 

 it's over it's all written in her honeymoon face.

http://www.dailymail.co.uk/news/article-2151779/Facebook-stock-goes-30-r...

 

Wed, 05/30/2012 - 00:34 | 2474188 tony wilson
tony wilson's picture

cia face

happy face

oirish jew hewson face

smirking insider face

sell take the money and run  elevation face

billion dollar happy mcfuck face.

u2 bald headed sunken eyed bono face.

with his sunglasses on hiding a very tired leather jew face.

nice rocknrolla  book work.

face book skull fucking face fuck.

Wed, 05/30/2012 - 01:46 | 2474296 q99x2
Wed, 05/30/2012 - 02:33 | 2474369 slackrabbit
slackrabbit's picture

Yee Haa, 28.84 at least - (was too pissed to notice last night) -if it hits 28.00 Im off to buy a new pc

Wed, 05/30/2012 - 04:46 | 2474446 Flying Tiger Comics
Flying Tiger Comics's picture

Facebook can go into earnings overdrive, it just needs another 7,800 million subscribers. Easy.

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yang46's picture

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