This page has been archived and commenting is disabled.
The Facebook Ardennes: Spot The Syndicate Stick-Save
Remember there is no short-selling - only long-adds and long-exits. Syndicate fall back...26.7mm shares at $38.00, 9mm shares at $39.00, and 42mm at $40.00 - leaves a VWAP (or average price at which everyone is in Facebook) at $40.36 (green arrow) with over $10.5b billion traded so far as over 60% of the float has 'turned-over' this morning.
»
- 13306 reads
- Printer-friendly version
- Send to friend
- advertisements -
Free markets are a farce. There is no more free market any more!
Nah, one merely needs to redefine the word "free."
Is that you Bono?
Roopert Murdock just announced he is acquiring MyFace ... and the stock is going down like a Chinese hooker.
the last 7 stories on ZH have concerned Facebook ... and I thought CNBC was being ridiculous
Dude, EVERYONE rubber necks to see the car crash. Hell, half of NASCAR fans are there just to watch for a wreck.
GO GO Gadget fraud
zynga halted...
Perhaps the Facebook "underwriters" should step in for "support" due to the "Technical difficulties" of this "stock".
Air quoted out.
facebook just trending the overall nasdaq index
buy it when it goes back down to $38. It is rigged. underwriters will support the hell out of it. Flip it anything higher than $40.
Come back in June when underwriters are out of the game and buy it less than $38.
Then QE will kick in and FB will rise faster than AAPL. Then sell it before 6 month lock up is over.
I don't believe I will buy it or any paper for that matter.
Proudly out of the market since 2007!
well you are forced to play the stupid game.
they all trade in dollars.
when bailouts happen, you HAVE to buy that subsidized stock.
Mark your calendars ... FB options go on sale May 29 ... just another way for the syndicate to try and fuck everyone over
The Maginot Line!!!
What is NASCAR? Some exotic upcoming IPO?
quote Janis Joplin....
" freedoms just another word
for nothing else to loose"
thinking free market
is the same way..
Freedom isn't free, it costs folks like you and me a buck'o'five. Too bad we only get paid a buck.
Main interest of FB is as liquidity source for starved MM algo sharks. Market will get more vicious now. Look at the step-wise plunge when FB started trading. Surprised ZH has said absolutely nothing about that.
Go back a few threads then come back and edit your comment.
KaBOOM Bitchez............
Fake Boobs FAIL
I'm trying to find that Cramer piece from CNBC this morning where he said it might hit $70 in the first day of trading, but it seems to have been removed.
Don't worry, it's been archived in Utah for future digestion.
If you google search "Kramer Facebook $70", you get this:
Stock Market News, Business News, Financial, Earnings, World ... www.cnbc.com/CNBC's Jim Cramer tells Carl Quintanilla that Facebook's stock could go as high as $70 on the first day of trading, and if you already own it you should "sell, sell, ...
Facebook Stock Opens as Investors Flock to Get Shares - 1 hour ago
Complete Coverage of the Facebook IPO - 5 minutes ago
Highest Ever Retail Demand - 1 hour ago
Which gives you a now removed link redirected to the root address for CNBC
I'm betting against facebook: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-bill...
If FB would have tanked 38 there would have been one major meltdown - I was shocked to see 39
The whole world is holding their breaths , watching this candle in the wind.
If it blow out , all morale is lost
'If it blow out , all morale is lost'
I think Mr Dimon is gleefully waiting for another 'downturn' indicator to take the short-term heat off of JPM. So let's see:
-JPM's announced 'losses'
-Greece's final meltdown exit blowing up headlines every other day
-Europe imploding (thank you for point that out, greece)
-10 year treasury yields closing below 1.80 this week
(oh, let's not forget that wonderful unemployment rate and everything else I forgot to mention)
If Facebook melts today, over the weekend, or next week . . . well. I sense a the Bernank is going to announce the good ship QE 3 launching soon, or we're going to have a real humdinger of a summer. Either way, welcome back to interesting times. As if we ever left them since Lehman.
They must lose face, and then facepalm.
Morals gone, morales be next.
Syndicate's trading team always supports any new issue whether its coming from ECM or DCM. This isn't news, and if anything 3800 simply set up a perfect short term trading opportunity to the upside.
So, Morgan et al can use green shoe stock to effectively short up to 15% of shares issued (which they undoubtedly have already as noted). After that they can still buy long to support or naked short additional…but on their own dime.
Anyone have an informed opinion of how beefy ~63mm (15% of 421) shares of buying power is given what this thing has traded already?
Would it be even mechanically feasible (in the near term) for someone to try and cram this thing below 38, hoping to spook the syndicate defense at a time when big banks might be a little skittish about risk?
Pushing it below 38 would have to be from long sales I guess. I can't remember where we are with the seasoning period rules but no trades are settled yet and the IPO shares are spread pretty far and wide.
Where was the syndicate supporting BATS eh?
Robo Syndicato Non Supportato
Gotta love 'em - they put the face in face-palm
I just put my bid in, GTC of course, 100 shares at $0.39. Take it or leave it.
http://vegasxau.blogspot.com
That still values the company at 3,000x 2013 earnings
How long before Obama comes on the teleprompter to tell Americans that Facebook needs a bailout (& that he'll use his Presidential authority to KILL any 'terrorists' who don't comply)?
FUCK YOUUUUUUU Bernanke.
No way, fucking is good!
Facebook may need a Facebag.
If Facebook were to somehow close below $38 (LoL!), I hereby dub thee . . .
FACEMELT
Fuck-a-bug
from WSJ: Facebook’s underwriters stepped in to support shares at the $38 IPO price.
lol
Isn't the "green shoe" usually always shorted out by the syndicate desk?
facebook, meet market manipulation. Later you'll have a towel party and shower time with an inmate named Groupon.
... uh, Grope-on.
no way they would let a fellow ivy leaguer fail like that.
Lots of stealth moves today
TNA up almost 10% offf lows. Look out above, your masters got your back
Until they don't - RUTs been above and below open 9 times today - presently down, along with the other averages. Margery Daw indeed.
I have a couple more investments for our Tapeworm Economy.
World's Prison Capital is Also #1 in For-Profit Prisons
WAR PIGS: Carlyle Group's Lopsided IPO That No One Cares About
The Carlyle Rot - Another Thumbs Down For The IPO
Both the Facebook and Carlyle Groups IPO’s were totally tilted in the issuers favor. They are indicative of the times (the house always wins) and a pending top.
When the public demands the bag, It’s not a bad idea to give it to them.
For an inside look at how the Tapeworm economy works see: The Looting of America: Happy Labor Day
Crazy, but I got a fill at $37.03. Syndicate wall was not wall of China, my friends.
-1 for trading FB before puts are available.
Ha Ha, Give me a + for already selling.
+1...done.
3 minutes? Damn that's an eternity! How'd you hold out so long? /sarc
Sell that sukkr!
Good luck sucker
Crazy, but I got a fill at $37.03......
It never traded under $38.
MF
Maxy Maxy Maxy.....don't understand the electronic market huh?
...and you never will.....that and many other things.
The doucheyness of your "MF" tag is......douchey, by the way.
Guess the close:
I see $32.
Face the News. Face the Nation. Face it like a (most Interesting) Man.
No Short Selling? Sarc?
Whole market now coorelated to FB.
If that ain't a sign of a healthy market i don't know what is.
Poor AAPL. They're so January 2012.
Viagra for FB?
yep, it's called Fedagra.
LOL!
The merging of threads...they need a FaceJob.
The CIA is not going to like you talking about their little information gathering tool like that. It's very cost effective for people to list all of their activities, relationships, locations, and what they had for breakfast every ten minutes.
Think of the money that saves the CIA? That alone makes the valuation of 100 billion so worth it, and we taxpayers get to pick up the tab for our own imprisonment! Now, that's what the America we have all come to know and love is all about.
Come on, load up on some shares and become a bagholder!
+11ty!!! Spot on.
Actually the NSA is the agency most involved in tracking the muppets - I mean potential terrorists-, but I gave you a +1 for a solid post.
I like Market Watch's active FB chart listing: Facebook Inc. Cl A
FBI / CIA
Hide in plain sight. Kinda reminds me of the undercover cop ruses when they invite parolees in for free trips and stuff then send them back to jail.
HA!
They may be able to save it today, but reality will win out in the end. Let's take another look the end of next week! I suspect it will be a very different picture!
Look at the volume time series. Someone is selling 3m shares every 17 minutes. Next sale is at 1:15.
What'd I tell ya?
I give Facebook about one more year, before the entire world gets sick and tired of having every facet of their lives sold, sold, and sold again by those money-grubbing, anti-American weasels.
The smart money is with those who laughed at the idea of a Facebook IPO.
Look how long commercial television has lasted.
we arent talking about the internet, therefore we arent talking about television the invention..
Facebook is like a TV show, like a 1950s TV show, example the Phil Silvers show,... what never heard of it, how could you not, it was very popular back then,..so if it was popular back then how could it not have thrived and survived all these years?
Facebook is but one site, one that does what many other can and will do. Once its popularity wanes like a tv show, people will move on.
It scares me people dont get that. Facebook doesnt own a patent for all of social media.
CFBC just said that the IPO is doing exactly what the underwriters wanted, a 5-10% increase. And Simon, the Brit-twit, questioned whether it was a "rational" opening.
WHEN do the PUTS start trading?
"...but in their mouffff is where all balls meet." Boxing coach Eric Kelly
http://dealbreaker.com/2012/05/boxing-coach-eric-kelly-would-call-wall-s...
So which ETF/mutual fund becomes the dumping ground for this POS?
Wealth transfer: ON
urgent: facebook can't float its boat in HFT waters,... crash imminent
Is that vol spike just now for real? 450 million? WTF?
Sorry Face Plant - pushed my phoney fiat into silver at $28.00 yesterday. I was really drunk at the time. All that metal sank my dingy, and I am a sad panda today.
So, Zuckerburg on THAT, ponzi paper crack heads !
Sorry to hear about your boating accident. Wouldn't it be poetic justice if your homeowners insurance re-insured with AIG and you could collect on a claim?
The world is upside down when a piece of crap like FB is selling for more than an ounce of silver! Sheesh, kids now days...
Boo!
email me
maritime bullion salvage recovery inc....
trained walrus on call 24/7
"Dude, I bought a lot of that FB stock back when, and lost it all...."
FB=FuckBook
"Zukerberg flees US with Millions in cash."
Who is the playing the role of Kampfgruppe Peiper?
If any of you good folks are still around ....
FB is currently trading at # 38.30 and edging DOWN!
Just thought you might want to know.
barliman
Another AWESOME success story!
15-minutes to close. If they end at Break-Even, their stock will likely start hemmorhaging and collapse by the end of next week!
"Free" Markets are AWESOME!!!
Mark Z was worth 22.6 billion at one point today, and only 19.2 billion now. So he lost 3.4 billion in one day, goddamn that Bill Clinton. (because everything is Bill Clinton's fault). I wonder if this makes MZ eligible for some corporate welfare? Or, a bailout?
The first day of trading had facebook fall on its face!