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FaceBomb Is Officially The Worst Large IPO Of The Decade
In celebration of the one-week anniversary of FaceBomb's ultimate #Fail, Bloomberg TV is reporting that Facebook's first week of trading is the worst large IPO performance in a decade (aside from the BATS debacle -which lasted nanoseconds and potentially never really IPO'd) - well played Margin Stanley, well played! And for those that like to see the spectacle in all its glory, NANEX has provided a graphical view of the chaos as FacePlant came and went last Friday...
And some scary animation from NANEX, which we will have more to say about shortly:
From Nanex' Eric Hunsader:
Watch Nasdaq's quote (first box to appear - 10 o'clock). Note the crazy bid prices are higher than the equally crazy ask prices. After trading opens, Nasdaq's quote will start turning red when it's no longer eligible to set the NBBO. Watch how quotes on the other exchanges react wildly causing the price to evaporate.
Each box represents one exchange. The SIP (UQDF in this case) is the box at 6 o'clock. It shows the National Best Bid/Offer. The shapes represent quote changes which are the result of a change to the top of the book at each exchange. The time at the top of the screen is the time of the last quote or trade update in Eastern Time HH:MM:SS:mmm (mmm = millisecond). We accelerate time until the open, and then we slow time down so you can see what goes on at the millisecond level. A millisecond (ms) is 1/1000th of a second. The blink of an eye is about 200 ms.
Note how every exchange must process every quote from the others -- for proper trade through price protection. This complex web of technology must run flawlessly every millisecond of the trading day, or arbitrage (HFT profit) opportunities will appear.
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How can I get in on some of that sweet MF Global stock?
Imagine, how many stupid goy bought this piece of garbage!. Stupid goy deserve the Zuckerberg dick up their non kosher ass. Goy deserve to suffer for their bovine stupidity. The tribe rules over all.
The TBTF banks needed cash, NOW, so they played Zucker for the young fool he is. Isn't it obvious?
Whoever came up with "Margin Stanley" deserves a Silver Shield.
+1
ori
Next time I hope they underprice it so I can read what thieves they are for skimming!
Here's a hanky.
Facebook IPO: $42 now $31
Blackstone IPO : $33 now $12
GM IPO: $33 now $22
MF Global $30 now $0.04
I don't think FB is the worst......MF Global beat them over the long term.
Give Facebook time. It's only been a week.
FB did in one week what it took the others years to do.
http://finance.yahoo.com/echarts?s=BX+Interactive#symbol=bx;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
http://finance.yahoo.com/echarts?s=GM+Interactive#symbol=gm;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
http://finance.yahoo.com/echarts?s=MFGLQ.PK+Interactive#symbol=mfglq.pk;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
FB's productivity in wealth destruction is without parallel, GO ZUCKERBAG!!!
The known part is that they are thieves, that wasn't the part in question.
And an honorable place in the Austrian school of Philharmonics ;-)
JP Margin too. Chitibank.
At nope,
Yes, a multi billion dollar fool :-) Must suck to be him. How could anyone be so stupid?
He's not that smart. Just right place, right time. I know 100 guys that could write that code. It's not that great of an idea, since it's been done before.
And anyone who completed 4th Grade could have written Justin Bieber's "Baby, Baby, Baby, Ooooh", but they didn't. And the 100 guys you know didn't write the FB code, so they are destined to work for a living. Then there's the millions who didn't go into applied math or programming who, if they had entered that field, would have been capable of writing that code. But they didn't.
The plain and simple fact is that Zuckerberg, love him or hate or be indifferent to him, put the whole thing together before anyone else did, and he's billions to the better for it. If your "100 guys" goal in life was to make good money, Zuckerberg kicked their butts nine ways from Sunday. If their goal was not to make good money, then they shouldn't care what Zuckerberg did.
I coulda been a contender!
Problem is alot of shit has been done before and done to death, then done again and made money because it was marketed well enough. Facebook is pure hype and sophistry. Same with alot of whats going on with the I Phone. Voice recognition was done ten years ago and isn't that useful. Xerox already invented a system alot like windows and Gates just copied it. Its the marketing of these things that changes everything. But Facebook doesn't have a market it was way overvalued its gone from interesting toy to get rich quick scheme. Fuck him 38 dollars a share.
Extremely obvious especially around these parts!
somehow the guy who singlehandedly benefitted the most from the whack pricing is the fool.
If you think MZ benefitted the most then you are not considering the true value of FB. In immediate FRN payoff terms you might be right. In long-term data mining value (by whomever), not so much.
He sold some of his stock. He still owns >50%. He's rolling the Rupert Murdoch News Corp deal with FB.
His biggest and only worry is that the stock tanks so bad it doesn't cover his tax bill.
Yeah the whole ponzi scheme gives me the HEBE-Jeebies.
I'm waiting for the New South Sea Company IPO, in the meantime stock up on Tulips, they are the new gold, you heard it here first!
Dear Sir:
I have a much more lucrative investment for your consideration. Please contact me at the earliest opportunity.
Sincerely yours,
Charles Ponzi
"Like"
Well, Borowitz strikes again, with a follow-up letter from Mark:
http://www.borowitzreport.com/2012/05/25/a-message-about-facebook/
"No one could have seen this coming."
I hear Robo was large long on Faceplant.
did liesman get fired? or was he promoted onto the fed as personal assistant to benny b?
Didn't you hear? Robo rode the FB train from $38 to $42.
Where's MDB? He wanted in "at any price". His troll-fu was strong that day.
Lest we not forget Hedge - MillionDropletsofBoo............... hedged.
He is going to tell his grandchildren about it, so to him, this is a "long term" .....uh......investment.....
...which negates any criticism of his masterful brokerage phonage to "buy" a la Gomez Addams.
Ah...government bureaucrats...regulators.....even with their own money...they still can't spend correctly.....
Then again, it all could be a hoax, as we all know.....government workers lie like rugs.....
You familiar with the word satire?
dat's purty, real purty. must use for my next DJ set.
Bwahahaha, me and by Bot Bruthas pwn all you meatbags! :>D
Uh...hey lets get underage girl all dancing and singing crap at the world team and The Rock to perform and get people to buy FB!
How about a Tupac hologram FB and T-Bond tour? Coming this summer to a 'hood near you!
His hit song "Hail Mary" would be a fine choice.
Can you smell what the Bernanke has cooking!
JPMORGAN AND GOLDMAN ARE NOT UP TO GOOD AND SHOULD BE BLAMED FOR THE FAILURE OF FB'S IPO....
"How in the living fuck is it that I'm in here by myself?!?!" - Madoff
+1
"ROFLMFAO" -Corzine
bernie.....first rule of bankstaclub "dont steal from those that are stealing from you"
Apparently, independent farmers are fair game...but don't you dare steal from the tribe.
Bernie had little political clout and plausable deniability. No appearance of ligitimacy.
Huh? Bernie's clout had the SEC looking in the other direction for years. He obviously had some appearance of legitimacy, otherwise so many people wouldn't have invested with him. Agreed, said appearance of legitmacy disappeared almost instantly, but MF Global/Corzine really isn't all that different in that respect...
Yea where is Madoff saying that from, the private island he was set up on in the Bahamas?
How is it that I'm in bankruptcy? Oh yeah, trumped up SEC charges and unlimited government resources for government lawyers. Feelin' ya Bernie.
hahahahahahahahahahaha
+SOAPS
The answer to that is simple. Who were Madoffs clients primarily?
Fitting LULZ
http://images.cheezburger.com/completestore/2009/6/29/128907871312492658...
Anyone remember this?
Meanwhile Theophilus Hodges, a 36-year-old property manager, stopped into an E*Trade branch in downtown Chicago on Friday morning specifically to open an account to buy Facebook shares, he said.
"If it wasn't for Facebook I wouldn't be here," he said as he left the branch to go to his bank and transfer money into his new account. "I missed out on Groupon when it went public, so I'm not going to miss the boat this time."
Mr. Hodges said he plans to invest $10,000 in Facebook shares—including $4,500 of his own money and $5,500 from his mother.
Mr. Hodges expressed confidence in Mark Zuckerberg as Facebook's CEO and said he isn't worried about Mr. Zuckerberg being young. "To me, he's a genius. You know, he created something for the whole world... Everything is social now. The world is a different place with Facebook," he said.
Yea I wonder what happened to all these people CNBC were parading on air who put everything into Facebook?
Who was that wealthy fat dude associated with Silicon Valley that said he'd buy Facebook at any price?
Wozniak
There is a reason he was never involved in the business end, he was a great engineer though.
They went back to the mail room. They got to keep the outfits though.
Im not sure where they all are, but I can guarantee that their mothers are not answering the phone when they call.
I bet they won't be mentioned in their mother's will either.
Put it all on red...it's a sure thing?
Wasn't that the same Mr. Hodges that was appointed Greek Finance Minister later that day?
"I would like to announce our newest recovery plan..."
".... right after his fine investment, Mr. Hodges then went on to buy real estate in Chicago after listening to a radio show that told him the housing bottom was in and prices have no where else to go but UP!!"
Mom: "What's wrong sonny? How come you never come to visit anymore?"
Theo: "Oh...nuthin' Mama....I jus' been real busy lately....nothing to worry bout."
Can't wait for options to be released. Going to get some of those. And you all know which way.
Yes, and PLEASE keep the price propped up until then!!
This may work out well if Zuckerberg starts making the rounds for his media darlings and telling the MSM what we already know. The banksters are grossly overpaid and running on empty when it comes to adding value to the capital markets.
worst since the dot.com fraudsters of Wall Street last Pump & Dump games
Wow, some things never change, even with an Amazon sized jungle of regulation and an alphabet soup of regulatory offices
The more Hope & Change is promised the more things/criminals stay the same ..same as it ever was
What's Facebook? The financial "media" isn't talking about it so it must not exist.
fidelity and calpers bought all that crap.
No upside at the public price, too much downside risk. They are maxed out at 900 million users. NOBODY will pay for a fb account.
Watch fools pay for FB through mobile minute premiums for content. There is more than one way to get paid.
A lot of teens are going to be handing their parents $4000 phone bills.
Maybe Zuckerberg is a latter day Willie Sutton. Why did Facebook target teens? Because that's where their Momma's money is.
Is is not amazing that almost any IPO is now the sure sign to not invest? The cockroaches are fornicating rich before the lights get turned on.
FB is nothing though compared to the criminality when the rush comes into gold. Your brother or uncle will be stock pickers for gold miner IPOs with drilling results measurings 2000g/ton on Planet-X
Has Suckerberg updated his Facebook status lately?
http://ladyfi.files.wordpress.com/2009/11/dog_facebook.jpg
2nd video is like a flashback for Tempest junkies.
In other news the SEC has ropped all investigatins into Lehman brothers.
isn't rape in itself being robbed of something more precious than money? Ropped puts the two on an equal footing; I would say it adds insult to injury...not injury to injury.
Fraped
Everything's perfectly legal, just occasionally a bit risky.
Real conversation.
Golf bud: Hey Knukles, you gonna be buying into the Facebook IPO?
Knukles: Not a chance.
GB: Why? You're gonna miss a deal of a lifetime!
K: Not so sure of that.
GB: My broker tells me this is gonna be the hottest thing of the decade.
K: Too hot.
GB: Why?
K: Do you think a snot nose arrogant ego-maniacal 28 year old psychopath is ready to run a company and why the fuck do you want to own any stocks right now, anyhow?
GB: What's that gotta do with it?
Fin
LOL!
Real Eyes
Realize
Real Lies.
Mark Fuckerberg will be an asterisk on the dustbin of history in 3 years
Which is somewhere around three years later than you and me.
Looks like we need a TBTF taxpayer infusion into Facebook..............
Some entity, somewhere, is deeply underwater on this stock. They are quite desperate to offload some of it onto sappy retail investors, funds, pensions and other assorted simpletons. They will be busy as beavers the next two or three weeks trying to pump this sucker, offloading little by little as it (hopefully) drifts upward. That might be a bit rich for them, so we may look for a gentle drift southward on low-ish volume as they dump. But don't look for a crash or a spike.
We want to stick THEM with their losses.
How can we all start shorting FB? I heard that something is in the works...does anybody know?
The Station Night Club Fire (GRAPHIC)
http://www.youtube.com/watch?v=_pXYKQYOXX8&feature=related
What is amazing is that you watch the Nanex exchange video for a whole minute and then you look at the timelcock and only a half second has actually gone by in the world of HTF.
I really like before the opening how the bid goes from 40 to 200 and then starts hitting 9000. I BID $10,000 FOR ONE SHARE OF FACEBOOK!!! Zuckerberg deserves to be a trillionaire!!!!
Un F'in believable.
facebomb, sounds like the making of good drink...
bartender, i had a shitty day, gimme a facebomb...
Or you can just have the bartender give you a Zuckerpunch. He takes all your money and hands you a glass of poison.
I'll take two at any price!
can i buy it in my IRA?
how to make a facebomb:
Take empty glass, add two teardrops, charge $80B for it.
lol, as long as the bartender's name is fuckerberg, most sheeple in american would pay a pretty premium for a shot or two...
that Nanex video would be awesome as a video projected on a wall at dance party in a warehouse.
MS will probably sue Nanex for inducing epileptic seizures.
yeah after about 10 molly capsules...i'll fux wit it!
so if ask price was higher than bid nasdaq was selling for lower price than he was buyig?? and other stocks profited on that?? that means that price was frozen for a while and somebody could profit on that?? this nanex is new to me havent hear about that b4..
I feel sorry for Mark Suckerberg. First the IPO. And then he also got married in the same week.
Uh! ... Pardon moi' ... but ... has this NANEX release been reviewed and approved by MillionDollarBonus?
FraudBook. That crap is ruining silicon valley, the markets, the privacy of everyone that uses it, the bribing mechanism for politicians, clogging the courts, and so on. Arret Zuckerberg.
Cramer: who to buy next please?
What about Grupon? I mean lets give equal time if we are talking about shit.
It is just common sense.
It goes public already valued at $100 billion, ranked as the 22nd (?) biggest company in the world by market cap. The cow has been milked dry.
3:30 stick save! Weeee!
and back down AH below the day's low
can't hold the $31 handle much longer and then it will go into the Twenty somethings for a week, two tops.
in the meantime Suckerberg has sailed into the sunset with his new bride and a cool quick billion Dollars.
biggest PUMP & DUMP ever!
The biggest lie is the 2 hour buttfuck that occurred before this dog sandwich was even served.
Millis are for amateurs.
Pros deal in Micros.
what about that lawsuit by Stolzman against Morgan and Goldman, who argue with Zuckerman .. over a couple of billlion bucks previously owned by gentile's ? just curious
Zuckerberg = A floating object that will sink your financial Titanic.
I prefer FACEPLANT.
facecrooks.