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Facebook At All-Time Lows; -31% From Highs

Tyler Durden's picture





 

UPDATE: 6 minutes into the day-session and FB has a $30 handle and 17mm shares traded.

1.8mm shares have traded this morning as the long-selling continues as the stock-that-shall-not-be-named traded as low as $32.70 this morning (from its $45 highs on Friday)...

 

Not helping matters is the Reuters report that:

"Morgan Stanley unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast."

Cue the shareholder class-action lawsuits.

 


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Tue, 05/22/2012 - 08:38 | Link to Comment Ratscam
Ratscam's picture

Fuckbook, when can we start shorting this baby. CFD's with Saxo don't work yet.

Tue, 05/22/2012 - 08:40 | Link to Comment green_dreams
green_dreams's picture

Facefuck.

Yeah GFT CFD shorts ain't working either. (In AUS)

Tue, 05/22/2012 - 08:43 | Link to Comment Aziz
Aziz's picture

My back of an envelope calculation on this is that fair value is something like $2-4 a share (maybe less considering Zuckerberg is happy to trade away a year's ad profit buying an App that he could have duplicated in-house for maybe 0.01% of the cost), but for a while yet Facebook may survive above $10 a share (however without serious revenue growth even that considerably reduced price looks hugely inflated).

Biggest danger is Zuckerberg (Suckerberg?) the narcissist has majority voting rights, and can essentially do whatever he wants, including destroying the company buying crap like Instagram at bubble prices.

Tue, 05/22/2012 - 08:45 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Bought another 300 shares yesterday - taking advantage of this discount. It's all about dollar-cost averaging. My average entry is now at $38 so I'm in the same boat as most of the top buy-side bidders at the original offering.

Tue, 05/22/2012 - 08:50 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Just 300 shares? You must be po.

 

You know you're po when you can't even afford the OR. That's pretty po.

 

The good news is if you're buying FB.....you're gonna be even more po now.

 

Tue, 05/22/2012 - 08:56 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

I'm averaging into a sizable position by taking small bites. I recognized this was going to be a volatile first few weeks, so I thought it prudent to buy in incremements.

Tue, 05/22/2012 - 08:59 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Sounds like you're dialed in to me......don't change a thing.

 

Tue, 05/22/2012 - 09:07 | Link to Comment Richard Chesler
Richard Chesler's picture

Fools and their money: All aboard the Failbook!

Tue, 05/22/2012 - 09:23 | Link to Comment WonderDawg
WonderDawg's picture

What a wonderful story to tell your grandchildren. How smart you are. Brilllllllliant. They will sit and listen with wide eyes and open mouths as you describe your genius.

Tue, 05/22/2012 - 09:38 | Link to Comment Badabing
Badabing's picture

What a joke first MS tries to prop the price

http://www.bloomberg.com/news/2012-05-19/facebook-banker-morgan-stanley-props-up-price-it-helped-boost.html

and then they say they trimmed his outlook for the social-networking firm's revenues just days before the deal went live

http://www.marketwatch.com/story/morgan-stanley-cut-facebook-view-before-iporeport-2012-05-22?link=MW_story_latest_news

but the truth of the matter is

http://www.moneycontrol.com/news/world-news/morgan-stanley-made-big-betfacebook_706596.html

LOL  where is the SEC or the CFTC the blame game has just begun.

Tue, 05/22/2012 - 09:45 | Link to Comment cossack55
cossack55's picture

The SEC is downloading porn and the CFTC is busy reading their instructions they just received from JPM

Tue, 05/22/2012 - 09:54 | Link to Comment dannyboy
dannyboy's picture

Blythe Masters brought out the whips n chains ;).

Tue, 05/22/2012 - 10:11 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Ohhhhh god! Thats a foul image!!

Tue, 05/22/2012 - 10:28 | Link to Comment Max Hunter
Max Hunter's picture

Brokers not allowed to tell clients to own silver??  Interesting

http://www.youtube.com/watch?v=ERLiHp0d3kQ

 

Tue, 05/22/2012 - 10:35 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Shit.  It looks like this thread's gonna be updated on ZH every day 4 about 10 years.

Tue, 05/22/2012 - 09:24 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Pump 'em, dump 'em, facebook fuck 'em!

Tue, 05/22/2012 - 09:44 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

'Facefart 451'

Tue, 05/22/2012 - 09:56 | Link to Comment The trend is yo...
The trend is your friend's picture

The sad reality is that the retail sheep already bought this POS at the very top.  They ar not going to average down and hedgefunds who already flipped are not going to buy any shares back because they they already know its garbage.  Who is going to buy it? It will continue to sell off another 20% from here

Tue, 05/22/2012 - 10:09 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Geez.  If U bot @ $38 I bet U feel like U really bot Facerook.

Tue, 05/22/2012 - 09:03 | Link to Comment Long-John-Silver
Long-John-Silver's picture

 There are winners and losers for every trade. The winners thank you.

Tue, 05/22/2012 - 09:56 | Link to Comment crawldaddy
crawldaddy's picture

not really

 

If you bought at 38 and sold at 35, I did not win at 35 because now the stock is worth 31.

 

 

Tue, 05/22/2012 - 16:15 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Facemuck.  It seems there's a zucker born every HFT nano-second these days.

 

Tue, 05/22/2012 - 09:10 | Link to Comment Element
Element's picture

Isn't facebook like a minor 'App' on iThingys?

Tue, 05/22/2012 - 10:12 | Link to Comment AlaricBalth
AlaricBalth's picture

Yup.. And sheeple who view FB with their IThingys create virtually zero revenue for FB. The genius's at FB have yet to figure out the most effective way to monetize their mobile app.

Tue, 05/22/2012 - 09:12 | Link to Comment azzhatter
azzhatter's picture

I would margin up if I were you.

Tue, 05/22/2012 - 09:45 | Link to Comment bdc63
bdc63's picture

Now THAT is an excellent idea ... maybe even take a second (third?) mortgage out on your house and then leverage THAT money into a GINORMOUS facebook position ....

Tue, 05/22/2012 - 09:52 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Remember, go in for the long term.  Think twenty or thirty years out.  What a legacy to hand to your Grand children.  It's a new paradigm.  Think of your retirement years.  The opportunity is now! Don't be timid.  The stock market always goes up in the long term.  Don't let your money sit around idly.  Put it to work.  Invest in the future.  Don't be short-sighted. 

Did I miss any cliches?

Tue, 05/22/2012 - 10:16 | Link to Comment Nobody For President
Nobody For President's picture

What's good for Facebook is good for America?

Tue, 05/22/2012 - 09:15 | Link to Comment francis_sawyer
francis_sawyer's picture

Million Dollar Bonuses... Easy come easy go!

Tue, 05/22/2012 - 09:24 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

You can't eat Facebook. 

Tue, 05/22/2012 - 10:15 | Link to Comment connda
connda's picture

Why don't you just wait for it to drop to $3.80 and buy 3000 shares. 

Tue, 05/22/2012 - 10:19 | Link to Comment paddy0761
paddy0761's picture

I think you've been buying in excrementally, not incrementally.

Tue, 05/22/2012 - 11:43 | Link to Comment The Alarmist
The Alarmist's picture

"I'm averaging into a sizable position by taking small bites. I recognized this was going to be a volatile first few weeks, so I thought it prudent to buy in incremements."

Under the definition of shill in Merriam Webster, see MDB.


Tue, 05/22/2012 - 08:56 | Link to Comment Long-John-Silver
Long-John-Silver's picture

He's going to be even poorer when he sells his Failbook stock @ $2 a share.

Tue, 05/22/2012 - 09:05 | Link to Comment Bahamas
Bahamas's picture

It might rebound when it reaches 6,66

Tue, 05/22/2012 - 09:01 | Link to Comment Oh regional Indian
Oh regional Indian's picture

For me, this Farcebook IPO showed what a bought in, smarmy two faced guy Bono is. Mr., Music, Mr. Africa. Mr. Insider.

Over and over, all these industries, in-bred, self-enrichiing...

To see his smug face with $1.5 billion against it made me want to throw up.

And Peter thiel. On and on.

It's who you know and who you blow that counts.

ori

smorgasboard

 

Tue, 05/22/2012 - 09:06 | Link to Comment BlueCollaredOne
BlueCollaredOne's picture

Bono is a friend of the Bill and Melinda Gates foundation making him just another globalist scumbag.

Tue, 05/22/2012 - 09:15 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Exactly. And if he was plant from the start (which they usually are), imagine how much damage he did with U2.

And I've never heard his say a word about the Irish situation.

ori

Tue, 05/22/2012 - 09:37 | Link to Comment Itch
Itch's picture

Um, imagine he was psy black ops and registered with them in the 70s...and all the emotional gobbledygook he says in his songs is designed to zone people out, spastification or something; after listening to his lyrics we all start to group think more cohesively. So tell me ORI…Did he disappoint you, leave a bad taste in your mouth? Something to think about there chief.

Tue, 05/22/2012 - 10:22 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Of course Itch, that is precisely what I'm alluding to. Him, Sting (I''l be watching you....ohhh can't you seeeeeee), even  the Beatles for heaven's sake. 

The Beatles were a coked out, poorly performing British Band in some German town's seediest district.

That is the kind of place they usually pick 'em.

And then of course there is Laurel Canyon.

ori

 

Tue, 05/22/2012 - 10:05 | Link to Comment monkeyboy
monkeyboy's picture

U2 are fucking shit(one of the most boring bands I've ever had the displeasure to see live. Left early).

And Bono is a sanctimonious, hypocritical cock of the highest order.

Fuck Bono & fuck U2.

Tue, 05/22/2012 - 10:02 | Link to Comment granolageek
granolageek's picture

ORI,

 

I know a bit about Ireland. The place is even more wired than the US. No matter what his agenda, totally sincere or CIA plant or anything in between, getting involved in Irish internal affairs would not have advanced his agenda.

 

He is not part of the in-crowd there, and never can be. If he makes Ireland look good and doesn't rock the curragh they will be nice to him. If he bothers them, they will drive him into exile to protect their control of their little postage stamp.

That will be a lose-lose position whereas the current situation is win-win.

Tue, 05/22/2012 - 10:20 | Link to Comment Oh regional Indian
Oh regional Indian's picture

GG, thanks for that fascinating insight. 

Sounds a bit like India. Nto quite the postage stamp though! :-)

ori

Tue, 05/22/2012 - 10:22 | Link to Comment kridkrid
kridkrid's picture

That level of orchastration is too much for me to get my arms around.... but the scene in the godfather... U2 owes godfather a favor (or a series of favors) just like Johny Fontane.  Somewhere along the line, a band like U2 proves to be willing to play the game... like Frank Sinatra.  Seems more reasonable than a plant from the start.  

Tue, 05/22/2012 - 11:11 | Link to Comment mvsjcl
mvsjcl's picture

And that very odd handshake shown. Hmmmmm.... Very "illuminating."

Tue, 05/22/2012 - 08:53 | Link to Comment LongSoupLine
LongSoupLine's picture

Holy shit MDB...that's hilarious!

Tue, 05/22/2012 - 08:54 | Link to Comment malikai
malikai's picture

I wish I was on the other side of that trade.

Tue, 05/22/2012 - 10:54 | Link to Comment Matt
Matt's picture

Selling your $45 FB shares to MDB for $38?

Tue, 05/22/2012 - 08:54 | Link to Comment BadKiTTy
BadKiTTy's picture

MDB you are the best! LMFAO!!!! 

Thanks 

Keep 'em up. : ) 

 

K @ 

Tue, 05/22/2012 - 08:55 | Link to Comment Johnny Yuma
Johnny Yuma's picture

Spam! Spam! Spam! Spam! Lovely spam! Wonderful spam! Spam spa-a-a-a-a-am spam spa-a-a-a-a-am spam. Lovely spam! Lovely spam! Lovely spam! Lovely spam! Spam spam spam spam! 

Tue, 05/22/2012 - 09:01 | Link to Comment resurger
resurger's picture

discount! hahahahaha

Tue, 05/22/2012 - 09:01 | Link to Comment SamuelMaverick
SamuelMaverick's picture

MDB, you are one funny guy. 

Tue, 05/22/2012 - 10:09 | Link to Comment AlaricBalth
AlaricBalth's picture

MDB is the American Whale!

Tue, 05/22/2012 - 09:03 | Link to Comment LoneStarHog
LoneStarHog's picture

Yeah!  How did "Dollar-Cost Averaging" work in 2000? (e.g. CSCO from $80 to $8.00; Yahoo from $250 to <$10; AMZN, etc.)  Another name for it is "Stair Steps To Financial Hell".

Tue, 05/22/2012 - 09:19 | Link to Comment francis_sawyer
francis_sawyer's picture

Someone that good at catching falling knives ought to get a job with the circus...

Tue, 05/22/2012 - 09:09 | Link to Comment jus_lite_reading
jus_lite_reading's picture

ROTFLMAO!!!

Thanks for the comic relief!! 

(PS can you ask Hairy Wanker if he traded his mother for a solar panel from Leo yet?)

Tue, 05/22/2012 - 09:29 | Link to Comment Yohimbo
Yohimbo's picture

I dub you Major Kong

http://www.youtube.com/watch?v=wcW_Ygs6hm0

as your fate is the same

Tue, 05/22/2012 - 09:32 | Link to Comment rubearish10
rubearish10's picture

Ok, you're an idiot. Yeah and you must of "top ticked" it on Friday, yes? Good luck though becasue none of us want to lose money, especially in a willful manner. 

Tue, 05/22/2012 - 09:45 | Link to Comment monkeyboy
monkeyboy's picture

Hahahahahahahahahaha!

Tue, 05/22/2012 - 09:45 | Link to Comment SheepDog-One
SheepDog-One's picture

Your buddy Biderman is all-in too, says Facebook worth $1 trillion EASY! Introducing Biderman's Market Picks: Facebook Could be $1 Trillion Stock - YouTube

Tue, 05/22/2012 - 09:50 | Link to Comment jus_lite_reading
jus_lite_reading's picture

SD-1... that was a nasty call on Charlie's part. Downright nasty. But I read an article in the NYT (or WSJ) about 2 years ago (when the big guys bought their shares at $2.00) that Facebomb could be worth $1 TRILLION... absolutely absurd but thats the world of snake oil sales!!

Tue, 05/22/2012 - 10:04 | Link to Comment nodhannum
nodhannum's picture

SheepDog-One, you just punctured my balloon in that, in the past, I enjoyed most of Biderman's comments.  After watching the video and his prognostication(s), I am somewhat stunned and depressed, as now, I think the guy is an idiot when it comes to some basic economic principals such as cost barriers to enter an area of business.  To duplicate IBM or Apple from the ground up would be nigh impossible...to duplicate FadeBook or MySpace requires a teenager with terminal acne and a laptop.  What the hell is Biderman smoking?  I think some of that 420 friendly air is drifting over the bridge.

Tue, 05/22/2012 - 11:02 | Link to Comment Matt
Matt's picture

Teenagers in their basement can own $750 million server complexes? Sure, someone can make a new social networking site, but without funding or income, cannot pay for the hardware needed.

Basically, the main constraint is rate of growth of the service. How many more social networking sites are people going to invest venture capital into? I suppose there is no barrier to entry, but only to growing big.

Tue, 05/22/2012 - 12:02 | Link to Comment Freddie
Freddie's picture

They can use Amazon's cloud for a lot cheaper than you think.  The barriers of entry are lower than in the past.

Tue, 05/22/2012 - 09:45 | Link to Comment BeetleBailey
BeetleBailey's picture

LOL! There you are, you little douche!

ANOTHER 300 shares? Awwwww...good fer you.......go on....catch that falling dagger.....

My advice......keep buying all the way down.

When it gets to 10 bucks for the turkey, go all in, just like Vegas!

Dollar cost averging.....who'd you learn that from? A circa 1994 Putnam hot sheet?

LMAO!

Soon, your million dollars will be reduced to a million pennies - if that.

No bonus for you!

Tue, 05/22/2012 - 11:23 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Facebook appears to emblematic of the entire market: without a real or convincingly implied backstop bid, it's just going to drift lower, and lower, and lower.   Of course, we can expect the occasional sharp pullback similar to what we have in stocks today, but when the tide turns back down FB could be swept even further away with it.

What do they really have to sell except your privacy?

Tue, 05/22/2012 - 12:45 | Link to Comment Clashfan
Clashfan's picture

MDB, do you get Farmville credits for your purchase? FB should start including game credits and virtual monies for purchases of stock.

Actually, that might help them. Seriously. You stockholders should demand dividends in virtual gaming money.

Wed, 05/23/2012 - 13:42 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

LOL

sell your winning shares in C, BAC, JPM and DOUBLE-QUINTUPLE-DOWN your bet! You need another 3000 shares of Facebook now, this one's going to the moon!

supa-STAHHHHHHHHH

Tue, 05/22/2012 - 09:04 | Link to Comment ghostzapper
ghostzapper's picture

All depends on whether it joins the list of "chosen ones" held by Sack.  Ever wonder why no matter what happens turds like AMZN, GS, and BAC continue to float on thin air???  Sack has declared these issues and others (obviously AAPL, IBM, MCD, and others) important to market sentiment and hopium flow so they won't go down until the whole market forces them down.

Tue, 05/22/2012 - 09:23 | Link to Comment dogbreath
dogbreath's picture

Zucker = sugar

sucker = small lolypop

Tue, 05/22/2012 - 09:48 | Link to Comment tocointhephrase
tocointhephrase's picture

Berg as in Ice and the shareholders just hit it!

Tue, 05/22/2012 - 12:17 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Rock crushes scissors, scissors cut paper, and paper burns. Burn, baby, burn. 

Tue, 05/22/2012 - 09:41 | Link to Comment NumberNone
NumberNone's picture

To all the POS that brought FB to the market...welcome to the America of your making.  You've broken the middle class, you've crashed housing, you've outsourced employment and brought in overseas talent to take up the rest, 40MM+ on foodstamps...yet your roll out your trash into the market and you are amazed that the fucking muppets aren't lined up buying it.  You are stupid fucks sitting in front of a burning World Trade Tower that was hit by an airplane of your making trying to hawk New York City souveniers.  Fuck all of you. 

Tue, 05/22/2012 - 08:46 | Link to Comment BlueCollaredOne
BlueCollaredOne's picture

Im pretty sure the 29th of this month.  I've never shorted a stock, but I think this is going to be the one to pop my cherry. 

They will be putting out 50% more stock in a few weeks, then another 50% after that.  They are so fucked.

Source

Tue, 05/22/2012 - 08:54 | Link to Comment jay28elle
jay28elle's picture

Shorting is tons of fun, especially pigs such as this one.  Gonna be hard as hell to borrow, tho, as almost everyone else will be trying the same thing.

 

Which kinda reminds me...  What's our buddy Cramer's recommendation on this stock?  Buy-buy-buy?

Tue, 05/22/2012 - 10:55 | Link to Comment Marginal Call
Marginal Call's picture

options, options, options...

Tue, 05/22/2012 - 09:31 | Link to Comment Yohimbo
Yohimbo's picture

Pure Snake Oil! 

"theres a sucker born every miniute"

 

 

Tue, 05/22/2012 - 08:46 | Link to Comment CPL
CPL's picture

remember the up tick rule, and the half dozen other piece of shit rules that the powers that be placed on shorting shares.

Buy 25k of shares and write some options.

Tue, 05/22/2012 - 08:49 | Link to Comment spastic_colon
spastic_colon's picture

enough about FB...why is everyone ingnoring GM and they're cancelling of super bowl ads and such, looks like another sign of the times eh

Tue, 05/22/2012 - 08:53 | Link to Comment LawsofPhysics
LawsofPhysics's picture

I agree, Government motors has been a much better short and probably still is right now (same for all the big banks).

Tue, 05/22/2012 - 08:55 | Link to Comment EZT
EZT's picture

CFD with CMC markets works well..

Tue, 05/22/2012 - 09:00 | Link to Comment pismo10
pismo10's picture

ZHedge has a huge hard on for Facebook, honestly--who cares?

Tue, 05/22/2012 - 09:26 | Link to Comment kridkrid
kridkrid's picture

you clicked the link and posted a comment... you, I suppose :-)

It's certainly newsworthy... the IPO that was going to save the market... the tax revenue that is going to save California... the intreague around the possible CIA connections, etc. etc. etc.  I find that last part fascinating... along with one of the threads yesterday about codifying propaganda.  I think about the facebook movie... I didn't see it... so my opinion could be way off the mark, but how many motion pictures get made glorifying a company with possible CIA ties, as that company get ready to go public?  And it was up for Best Picture (maybe it won?).  What a campaign.

Tue, 05/22/2012 - 09:56 | Link to Comment Badabing
Badabing's picture

+1Kridkrid, your the first one to take notice  of the movie "Social network" connection  

Tue, 05/22/2012 - 10:51 | Link to Comment kridkrid
kridkrid's picture

I don't really go to the movies anymore (more a function of having kids than any sort of protest... I do still enjoy going... just don't have much of chance) but I remember thinking, when the movie came out, that it seemed a little odd.  Looking back, I didn't think too hard about it... gave it a kind of cursury, "that's an odd subject for a movie" and moved on.  I had no interest in seeing it, so it didn't really have much of an impact either way.

But now looking back, it seems especially odd.  I kind of want to see it now... is the subject matter really that captivating?  Does it merit a motion picture instead of some sort of CNBC one hour special (also propaganda, obviously, but to a slightly different audience)? Throw in facebooks role in things like the Arab Spring, it all becomes fairly interesting.

Tue, 05/22/2012 - 13:04 | Link to Comment Badabing
Badabing's picture

http://movies.yahoo.com/movie/the-social-network/

sawit sucked, its been playing on starz cable (PTB media) for about half a year it seems appropriate that Zukerberg is played by that guy from Zombie land  

Tue, 05/22/2012 - 09:28 | Link to Comment WonderDawg
WonderDawg's picture

It's called "schadenfreude" after all the pre-IPO hype. Schadenfreude. Try it, it's tasty.

Tue, 05/22/2012 - 09:42 | Link to Comment kridkrid
kridkrid's picture

the simpler answers are always better.  Schadenfreude is all I have left.

Tue, 05/22/2012 - 09:47 | Link to Comment SheepDog-One
SheepDog-One's picture

-Stockenfreude- (n) That feeling you get after months of non stop hype and hysteria only to see the thing that was claimed to be 'Our Saviour' fall flat on its face.

Tue, 05/22/2012 - 11:48 | Link to Comment LFMayor
LFMayor's picture

sung best by GNR   "all our heroes were born to lose".

Fire does have a certain fascination to it.

Tue, 05/22/2012 - 09:47 | Link to Comment dannyboy
dannyboy's picture

We do, if you don't like it well then you can pack ur shit and go somewhere else. As for the rest of us I find it halarious what is happening, and sad at the same time. Another fleecing of the people this was, and it is up to independant financial news media like ZH to expose the scam that is the markets of today and Facebook was a prime example of this. Over-hyped, over-sold bullshit to the masses to once again get fleeced, if you don't care thats fine but some of us do.

Tue, 05/22/2012 - 09:05 | Link to Comment PR Guy
PR Guy's picture

That's so more important people than us can make money out of it at this time and when the CFD's etc. come online, all the action will be over. Anyone with half a brain could have seen this immediate fall in value. It was just set up to make the rich richer as they all piled into selling in minute 1 having bought their stakes months ago. No doubt that gave Bono a boner.

Tue, 05/22/2012 - 09:14 | Link to Comment ZeroAvatar
ZeroAvatar's picture

ZuckerZined, "Beach-Ass"!

 

Zucker;  (Sucker), eg:  'one born every minute', also: 'one who purchases overpriced shares of worthless companies';

 

Zined; (orig, 'Corzined'), eg:  'to have ones money disappear in a flash of smoke, ie vaporized';

 

Used in a sentence:  That fool that bought that overpriced, hyped-up facebook crap IPO is about to be

      ZUCKERZINED!

Tue, 05/22/2012 - 09:34 | Link to Comment cheesewizz
cheesewizz's picture

hehe.... I zuckerd your ass. 100 Billion worth....haha

Tue, 05/22/2012 - 09:36 | Link to Comment ExploitTheMarket
ExploitTheMarket's picture

the FB frefall continues, it just broke 31....

Tue, 05/22/2012 - 09:41 | Link to Comment jekyll island
jekyll island's picture

Can't short it, there is a glitch in the Nasdaq system.  

Tue, 05/22/2012 - 10:41 | Link to Comment Mr Kurtz
Mr Kurtz's picture

I'm betting Zuckerman beat you to the short.

Tue, 05/22/2012 - 09:48 | Link to Comment monkeyboy
monkeyboy's picture

Hahahahahahahahahahahaha!

Tue, 05/22/2012 - 09:51 | Link to Comment battle axe
battle axe's picture

I am also going all in on Pets.com, I think they are a real winner.

Tue, 05/22/2012 - 10:03 | Link to Comment slaughterer
slaughterer's picture

Bought 102,000 shares at $31.05

Sold 102,000 shares at $32.12

Day's work completed.  

Tue, 05/22/2012 - 08:38 | Link to Comment onikoroshi
onikoroshi's picture

I have a bid in at 0.0001 for 100 shares.  I'm hoping to double my investment!

Tue, 05/22/2012 - 08:38 | Link to Comment Squishi
Squishi's picture

in your face book!

Tue, 05/22/2012 - 08:40 | Link to Comment Karl von Bahnhof
Karl von Bahnhof's picture

Go Zuck! Go!  Sure you can! You SOB.

Tue, 05/22/2012 - 08:42 | Link to Comment The Shootist
The Shootist's picture

Come on guys, Myspace is still doing pretty good, ain't it?

Tue, 05/22/2012 - 08:40 | Link to Comment guinea
guinea's picture

Facefuck is going to $25

Tue, 05/22/2012 - 08:41 | Link to Comment the not so migh...
the not so mighty maximiza's picture

thats not bad, a good facefuck usally costs 150.00

Tue, 05/22/2012 - 08:40 | Link to Comment Cdad
Cdad's picture

I think you can buy a bit here for a trade.  Sell a little Apple against it this morning.  Day trade.

Tue, 05/22/2012 - 08:41 | Link to Comment LongSoupLine
LongSoupLine's picture

Hmmmm, and why are there ballistic mutual fund outflows from retail investors week after week after week?

Fuck you bank assholes...game over!

Tue, 05/22/2012 - 08:41 | Link to Comment Barometer
Barometer's picture

Smash them !!!

Tue, 05/22/2012 - 08:42 | Link to Comment Dorky
Dorky's picture

.

Tue, 05/22/2012 - 08:42 | Link to Comment Dorky
Dorky's picture

And that Steve Wozniak suggested us to buy at whatever price.

Tue, 05/22/2012 - 08:49 | Link to Comment junkyardjack
junkyardjack's picture

He also thought Windows Phone 7 was a great phone, he's clearly losing it...

Tue, 05/22/2012 - 08:43 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

I shall hence-forth name that stock the "stock-that-sall-not-be-named" (typo and all) Really hate being reminded of that website time and time again. Yuck.

Damn it! Tyler already corrected the type. Oh well.

Tue, 05/22/2012 - 08:44 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

Agreed - what a hideous contraption.

Tue, 05/22/2012 - 08:42 | Link to Comment williambanzai7
williambanzai7's picture

MODERN LOVE 2.0

Tue, 05/22/2012 - 08:46 | Link to Comment Scalaris
Scalaris's picture

Too funny.

Tue, 05/22/2012 - 08:49 | Link to Comment mess nonster
mess nonster's picture

Whoever thought Parcheezi could be so sexy?

Tue, 05/22/2012 - 09:21 | Link to Comment francis_sawyer
francis_sawyer's picture

Caroline Munro... Meow!

Tue, 05/22/2012 - 08:43 | Link to Comment FrankIvy
FrankIvy's picture

 

 

Somebody help me with this.

Who cares?

They had an IPO, some folks bought at the start price and sold and made money.  Some bought and sold and lost money.  The stock is now lower.

Who cares?  Why is this such headline news?

Tue, 05/22/2012 - 08:44 | Link to Comment williambanzai7
williambanzai7's picture

A sign of the times

Tue, 05/22/2012 - 08:48 | Link to Comment junkyardjack
junkyardjack's picture

Why are you on the site if you don't care what happens in the world and markets?  Maybe you should check out Angry Video Game Nerd on Youtube, its got some funny stuff that's probably more your speed...

Tue, 05/22/2012 - 09:19 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

Bizarre post.  I post that I don't understand why the FB IPO is that relevant, and you reply with "FI doesn't care about the world."  Bizarre.

I follow ZH because it provides commentary on the economic condition of the world that you can't get in the MSM.  I'm a lot less concerned with the ups and downs of equity markets than most, I'd guess.  The direction is all down, I knew that before ZH.  What ZH does is give me the guided tour of the path we're taking, ahead of when we're taking it.

Tue, 05/22/2012 - 09:59 | Link to Comment crawldaddy
crawldaddy's picture

This IPO offering IS a commentary on our markets, and our society as a whole. Its a rigged fucking mess that is all back firing.

To understand this market is to understand this bullshit IPO, bullshit company, and bullshit underwriters.

Tue, 05/22/2012 - 10:05 | Link to Comment Badabing
Badabing's picture

FB happens to be the most hyped con game in a counterfit market that backfired on TPTB to date dick weed.

Now go home!

Tue, 05/22/2012 - 10:15 | Link to Comment VisualCSharp
VisualCSharp's picture

I think you're projecting, FrankIvy. You are in good company here by not caring about Facebook. However, just because you and lots of people on ZH don't think it's valuable doesn't mean it's not being portrayed that way by folks looking to cash in on its popularity. The Facebook situation is a microcosm of broken markets and Internet company bubbles; it's a reminder that "the market" actually isn't one anymore; the stock market exists to make certain players rich, and it ain't you nor me.

Tue, 05/22/2012 - 11:06 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

Yeah, but, that was obvious in 1999.  And several times since.  The stock market is an insider game.  That's news?

Tue, 05/22/2012 - 11:50 | Link to Comment dark pools of soros
dark pools of soros's picture

You can kindly walk over to the 500 Greece & Gold articles if you like

Tue, 05/22/2012 - 08:50 | Link to Comment LongSoupLine
LongSoupLine's picture

FrankIvy,

Because it represents a multitude of points that Tyler and ZH guest posters have be preaching for years on all that's wrong with the system. If you read more and dig a little deeper mentally, you would see this.

Tue, 05/22/2012 - 09:15 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

I need to "dig deeper mentally" to see this?  Why can't somebody just spell it out?  ZH's point for the years I've been reading, fundamentally, is that the economic system is unsustainable and rigged by and for bankers and elite interests. 

Not sure how FB IPO price exceeding current price makes any of that more or less true. 

Tue, 05/22/2012 - 09:32 | Link to Comment WonderDawg
WonderDawg's picture

I'll spell it out: It provides a poignant anecdotal picture of the sham that our markets are today. It's that simple. Take a deep breath, it'll pass as another poignant anecdotal vision appears on the horizon.

Tue, 05/22/2012 - 10:07 | Link to Comment Badabing
Badabing's picture

FrankIvy

MDB is that you? 

Tue, 05/22/2012 - 09:44 | Link to Comment Machination
Machination's picture

Because it is a very large example, of how the system is so perverted.  You have the smartest guys on the street working on the deal of the year (2nd largest IPO in history), and look at the outcome.  It is interesting news because we still don't know if the MS greenshoe is exhausted or MS is making a killing now.  It is interesting because the price might not stabilize at 30, it might go to 20, or?  It is interesting because it really is the beginning of the story, there are months ahead where a lot of stock will hit the market.  It is interesting because Facebook really did do something amazing, get 1 billion (less the fakes and duplicate) users in what really is a short amount of time, and now the metamorphasis begins as the company will come under immense pressure to grow (and maybe even sustain) profits.  

Tue, 05/22/2012 - 08:51 | Link to Comment Christoph830
Christoph830's picture

I'll tell you why it's important. FB tanking might very well be the nail in the coffin for retail investor participation in this rigged market. Volume may never come back and we are inching ever closer to the mother of all crashes.

Tue, 05/22/2012 - 09:13 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

Yeah but, it might just be an overvalued stock losing value.  You're telling me that this is a big deal because?  Because it may signal a market crash?  Is that the sum of it?

Tue, 05/22/2012 - 09:31 | Link to Comment kridkrid
kridkrid's picture

I said this above....

It's certainly newsworthy... the IPO that was going to save the market... the tax revenue that is going to save California... the intreague around the possible CIA connections, etc. etc. etc.  I find that last part fascinating... along with one of the threads yesterday about codifying propaganda.  I think about the facebook movie... I didn't see it... so my opinion could be way off the mark, but how many motion pictures get made glorifying a company with possible CIA ties, as that company get ready to go public?  And it was up for Best Picture (maybe it won?).  What a campaign.

Facebook's crash at some point will be a symbol.  

Tue, 05/22/2012 - 10:12 | Link to Comment Badabing
Badabing's picture

FrankIvy

Are you not reading the replies your getting?

Tue, 05/22/2012 - 08:58 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Listen up PoisonIvy... Get you head out of the WSJ and keep reading ZH until you can answer your own question. Until then stop posting. 

Tue, 05/22/2012 - 09:12 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

I like it.  Thanks for the spanking.  Fortunately, I only needed to read the couple posts below yours to fulfill your demand!

Tue, 05/22/2012 - 09:23 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Glad I could help. 

I maintain my WSJ and IBD subscriptions for two reasons. 1) I get both free through company retirement "perk package" 2) Reading both is almost as funny as reading a comic book or the National Enquirer... and well, maybe three reasons 3) I use them as shredded paper in the stables.

Tue, 05/22/2012 - 09:20 | Link to Comment Alpo for Granny
Alpo for Granny's picture

Wall Street Criminal Syndicate=Wile E. Coyote

Retail Investor=Roadrunner

CNBC=Squiggly gray road leading Roadrunner to the box and string.

Facebook=Acme Roadrunner treats.

Morgan Stanley=Helped Wile E. pull the string

Anvil=Roadrunner seeing this whole shitty plan blow up in Wile E.'s face.

Zerohedgers=Kids sitting in front of the TV on Saturday morning eating pop tarts.

(Paging William Banzai)

Tue, 05/22/2012 - 09:24 | Link to Comment FrankIvy
FrankIvy's picture

 

 

 

So the FB IPO was set up by MS in a manner that fooled retail investors into buying the stock at an elevated price?

That's it? 

That's criminal?

A bunch of idiot retail investors who have watched stocks beat the crap out of Mom and Pops since at least 1999 buy FB and lose money and this is big news because FB owners and bankers made money.

Because it may start a market run.

I think a lot of you are masturbating while believing you're having sex.

Tue, 05/22/2012 - 09:59 | Link to Comment jus_lite_reading
jus_lite_reading's picture

>>"So the FB IPO was set up by MS in a manner that fooled retail investors into buying the stock at an elevated price?

That's it? 

That's criminal?"<<

ROTFLMAO!! What rock did you just crawl out of? Or are you one of the cybernetic propaganda organisms created by NASA?

You're asking if that's criminal or telling us? LMAO!!! You answered your own questions...

Enjoy the show!! LMAO

The clock is ticking!!

 

Tue, 05/22/2012 - 11:55 | Link to Comment dark pools of soros
dark pools of soros's picture

actually, FrankIvy may be Zucker's new wife (or mom) trying to squelch any bad news about Facebook

Tue, 05/22/2012 - 09:28 | Link to Comment Machination
Machination's picture

You might want to look up at the top right hand corner of this page and read the slogan for this site.  Don't you think an accelerated drop in a brand new listed stock of a very overvalued company fits the mantra?

Fox and MSNBC have great MSM reporting, if that is what you think is "news".  

Tue, 05/22/2012 - 08:44 | Link to Comment DonS
DonS's picture

Gotta luve those fucktards over at CNBS..closing all comments on FB blogs...pumping up the stock in the days leading up to it..mentioning zuckers b-day about 100 times on air 2 monday ago.......the media is complicient in this......

 

how long until they pull the ipo and the lawsuits start....3.....2.......1

Tue, 05/22/2012 - 09:03 | Link to Comment SheepDog-One
SheepDog-One's picture

All FB pumpers in particular CNBC and Bloom 'personalities' should be charged with securities fraud.

Tue, 05/22/2012 - 08:46 | Link to Comment junkyardjack
junkyardjack's picture

Well I guess this proves that the Analyst and Investment Banks don't talk to eachother.  Seems like a win for the chinese firewall....

Tue, 05/22/2012 - 08:47 | Link to Comment dwdollar
dwdollar's picture

Sounds like some central banks need to step in...

Facebook is TBTF. If people can't have their Facebook, they'll be out on the streets questioning Uncle Scam. That can't be allowed to happen.

Tue, 05/22/2012 - 08:59 | Link to Comment Vince Clortho
Vince Clortho's picture

Must. Keep. Muppets. Attention. Diverted.

Tue, 05/22/2012 - 08:48 | Link to Comment Doubleguns
Doubleguns's picture

Revenue down? How do you get teenagers and college kids to buy something advertised on FB or to pay for the service. 900 million users means nothing if only a small % actually have money.

The math just dont add up.

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