Facebook Down Most In Week, Under $30 On Heavy Volume

Tyler Durden's picture




 

A $29 handle and elevated volume. Chart still shows distinct support level at zero. Time to flip coins.

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Tue, 05/29/2012 - 12:09 | 2472010 Bay of Pigs
Bay of Pigs's picture

Bombs Away!

Tue, 05/29/2012 - 12:10 | 2472019 rajat_bhatia
rajat_bhatia's picture

Holy Fuckinh Shit!! WTF happened to the Bull Run? A Bear Smash&Grab?

Tue, 05/29/2012 - 12:19 | 2472067 Killtruck
Killtruck's picture

Time for me to build that silo on my farmville farm, bitchez!

Tue, 05/29/2012 - 12:23 | 2472095 derek_vineyard
derek_vineyard's picture

All the hype and media about Facebook is just hastening its demise.  Those using social media heavily were already searching for the next cool thing and that demographic really doesn't like their social media tied to Morgan Stanley, CNBC and financial news.

Tue, 05/29/2012 - 12:37 | 2472101 The Big Ching-aso
The Big Ching-aso's picture

 

 

Facebook should look into plastic surgery.

Tue, 05/29/2012 - 12:41 | 2472173 AlaricBalth
AlaricBalth's picture

I guess Project Buffy won't save them. The hubris of Zuckerberg is Facebook's biggest liability.

http://www.informationweek.com/news/mobility/smart_phones/240001086

Tue, 05/29/2012 - 14:00 | 2472591 narapoiddyslexia
narapoiddyslexia's picture

FB is worth $6.00/share, max.

Tue, 05/29/2012 - 12:15 | 2472030 Jay Gould Esq.
Jay Gould Esq.'s picture

Use this coin, Tyler...keep the change.

 

http://conalldempsey.com/wp-content/uploads/2010/01/rupee_one.jpg

Tue, 05/29/2012 - 12:39 | 2472164 williambanzai7
williambanzai7's picture

HOPIUM 2.0

Tue, 05/29/2012 - 13:03 | 2472183 AlaricBalth
AlaricBalth's picture

$23 Billion in market cap up in smoke!! Spot on WB!!!

Where is MDB? I have that FB class action suit retention agreement for you.  Just send my referral fee to http://www.zerohedge.com/donate

http://www.rgrdlaw.com/pp/cases-963.pdf

Tue, 05/29/2012 - 12:49 | 2472224 Jay Gould Esq.
Jay Gould Esq.'s picture

A return to $38 in order for this chap to be made whole...

 

...a pipe dream indeed !

Tue, 05/29/2012 - 12:09 | 2472011 Dr. Engali
Dr. Engali's picture

       <--------entered the "New York Night with the President and First Lady" contest.

      <------- Likes to click on the adds to make Obummer pay for the privilege of advertising on the hedge

Tue, 05/29/2012 - 12:15 | 2472035 jayman21
jayman21's picture

just clicked on another...he he he

Tue, 05/29/2012 - 12:19 | 2472070 TrainWreck1
TrainWreck1's picture

Is that the one with horseface?

Tue, 05/29/2012 - 12:26 | 2472109 The Big Ching-aso
The Big Ching-aso's picture

 

 

I'm going long Pawn Shops International.

Tue, 05/29/2012 - 12:30 | 2472128 robertocarlos
robertocarlos's picture

I get ads for lube jobs and underwear. I stopped wearing women's underwear years ago.

Tue, 05/29/2012 - 12:37 | 2472155 The Big Ching-aso
The Big Ching-aso's picture

 

 

Good for you.    How are the fishnets working out though?

Tue, 05/29/2012 - 12:51 | 2472234 robertocarlos
robertocarlos's picture

not good. All the tuna is radioactive.

Wed, 05/30/2012 - 00:42 | 2474227 StychoKiller
Tue, 05/29/2012 - 12:09 | 2472014 rajat_bhatia
rajat_bhatia's picture

Holy Fuckinh Shit!! WTF happened to the Bull Run? A Bear smash and Grab?

Tue, 05/29/2012 - 12:09 | 2472015 The Fonz...befo...
The Fonz...before shark jump's picture

SUCKERS

 

buying into a multi billion dollar digital phone book

Tue, 05/29/2012 - 12:15 | 2472045 eclectic syncretist
eclectic syncretist's picture

Facebook = front for CIA = Frenetic Buttpoundings

Any bets on how long before Zuckerberg is publically demonized

Tue, 05/29/2012 - 12:26 | 2472110 BlueCollaredOne
BlueCollaredOne's picture

Zuckerberg did nothing wrong, he didn't choose the stocks value.  He's still a douchebag, but anyone that bought this shit deserves to ass their ass handed to them. 

That being said people are idiots and instead of taking responsibility for not researching Facebooks ridiculous overvaluation they will probably start to blame Zuckerberg.  It's human nature to try and place blame on one person, when the entire system is usually the culprit. 

Tue, 05/29/2012 - 12:33 | 2472142 walküre
walküre's picture

LOL

Zuckerberg did nothing wrong

Nah, he just happened to be the lousiest CEO of the biggest IPO flop in the history of the stock market. He also happened to sell 30+ million shares on the first day of trading just because. That's 30+ million shares sold on opening day. Probably more when we find out that he had shares distributed among "friends and family" and deposited in offshore accounts.

He did nothing wrong, because that's how it's done all day and night long. Welcome to Fraud Street.

 

Tue, 05/29/2012 - 12:42 | 2472179 pashley1411
pashley1411's picture

Probably first marital act with Priscilla was she grabbing him by the hair and screamed "Sell some shares you stupid geek!!".

 

Advice easily worth the price of the wedding.

Tue, 05/29/2012 - 13:04 | 2472281 Doña K
Doña K's picture

You left something out:

"Sell some shares you stupid geek!!". Soon you gonna need me to get you to China and renounce your US citizenship.

 

Tue, 05/29/2012 - 12:47 | 2472194 BlueCollaredOne
BlueCollaredOne's picture

So you place the blame on him, not the underwriters?  Once again it is not his responsibility to come up with a proper valuation of his company, thats why he hired MS.  One also has to place blame on the cheerleaders at WSJ, MSNBC, CNBS, etc.

Yes, he sold 30million shares on the first day, but not "just because".  It was to cover his new taxes that he will be hit with.  That equated to around a 1.3 billion dollar sale, which is less than 5% of his overall stake. Do you blame him? He knows first hand that his company isnt worth what it was listed at.  Was he supposed to hold a press conference and say "Dear America, Morgan Stanley is in the process of creating another pump and dump scheme.  Dont buy our stock.  Thank you."

I still think hes a fuck because of the way he rapes users privacy, but I think we need to place blame on the bankers/talking heads for the hilarious IPO.

 

Tue, 05/29/2012 - 12:50 | 2472231 Spastica Rex
Spastica Rex's picture

Yes - if only he would respect privacy just a bit more, he could then be appointed King.

Tue, 05/29/2012 - 13:09 | 2472314 Doña K
Doña K's picture

My daughter tells me that there is no way to delete all from Facebook and check out. You can only deactivate and if you re-sign in everything is still there.

I wonder if you just have to start deleting all you posts photos and friends first and maybe change your email address and give up the old one.

Anyone knows the ins and outs? 

Tue, 05/29/2012 - 13:12 | 2472334 BlueCollaredOne
BlueCollaredOne's picture

Facebook FAQ.

You know that info is all still going to be sitting on a NSA data center though. 

Tue, 05/29/2012 - 13:43 | 2472522 Screwball
Screwball's picture

This link will make a great Facebook post when I get home.

Tue, 05/29/2012 - 13:36 | 2472489 ThisIsBob
ThisIsBob's picture

Government already has archived everything, so why bother?

Tue, 05/29/2012 - 13:15 | 2472357 Lore
Lore's picture

Um...

"I still think hes a fuck because of the way he rapes users privacy..."

Nobody FORCES the sheep to register.

"Do you blame him?"

It's his company!

 

Tue, 05/29/2012 - 13:24 | 2472420 walküre
walküre's picture

I'm not his accountant so I guess I have to take his word for it.

Darn, I wish I could sell some stock each and every time my 1.3 billion Dollar tax bill comes due! It's a pain, ya know!

Tue, 05/29/2012 - 15:38 | 2473088 jmc8888
jmc8888's picture

It's amazing people forget the bigger picture, I'm not singling you out, just overall people are missing the forrest from the trees.

I knew he was Wall Street's golden boy back in 2006 (at the latest).  He's been their up and coming face man for the masses since they annointed him.  His entire 'making' was a project for Wall Street, and the most fraudulent parts of it.

So yeah, I blame him.  Had he not bent over for the fraudsters in the beginning, he'd sure have a lot more credibility now in most people's eyes.  Instead he took the easy money all the way until the easy money could turn around and stroke the providers through this IPO.  This was his big payday and his payback to those that propped up this relatively worthless company for all these years.

People just don't get that without the support he got from the banksters, and all the media hype that comes with that, Facebook wouldn't be nearly as big as it was today.  Or maybe he would have cut his teeth the natural way and learned to swim.  Funny that he still hasn't, and with all this money, even though the ship is sinking, he's still going to be adding more weight to the ship with all these crappy ideas he's going to implement...phones...browsers...or the already idiotic instagram.  He didn't grow his company.  The banksters gave all the free press and funny money needed to get here.  These are all directions he allowed to happen.

They had a choice of how they wanted to proceed since inception. They decided to be in league with the banksters (amongst others) since the beginning, which allowed all this shit show to happen. So yeah it IS his fault.  He didn't have to have facebook buddy up with all the fraudsters. 

Now that he's paid, and the banksters are paid, reality starts setting in.  He allowed himself to be unrightfully pumped up.  Now the public takes the dump on him.  Pump and dump.  Brought to you by the banksters, allowed to by Sucker the whole way.  He's a whore just like the rest of them.  Maybe it was more about being naive, but in either case he should have known better. He didn't.  While I'm sure facebook will be around a while, the available cash should only decline from here, faster if he continues to make bonehead decisions like he has since the beginning.  Of course all for an idea that was redundant and really of no use to society.

Glass-Steagall

Tue, 05/29/2012 - 12:15 | 2472050 Tortfeasor
Tortfeasor's picture

With pictures! And a digital farm!

Tue, 05/29/2012 - 12:33 | 2472119 The Big Ching-aso
The Big Ching-aso's picture

 

 

Hey I just found out FB is thinking about co-branding & buying out .99 Cent Stores.

Tue, 05/29/2012 - 12:36 | 2472154 Long-John-Silver
Long-John-Silver's picture

What happens when they re-name them $1.99 stores due to Quantitative Easing?

Tue, 05/29/2012 - 13:01 | 2472273 BlueCollaredOne
BlueCollaredOne's picture

It's already kinda happened.  Most "Dollar Tree" stores around my way don't have to many items that are still just a dollar.  They are still dirt cheap, but I remember as a kid that dollar store meant dollar store. 

Tue, 05/29/2012 - 12:10 | 2472018 Xibalba
Xibalba's picture

Are bailed out banks buying $FB shares with our money??

Tue, 05/29/2012 - 12:15 | 2472046 maximusplugis
maximusplugis's picture

It would not surprise you based on some of their previous decisions... 

Tue, 05/29/2012 - 12:10 | 2472020 A Lunatic
A Lunatic's picture

Bullish for yawning.

Tue, 05/29/2012 - 12:20 | 2472075 WonderDawg
WonderDawg's picture

Bullish for shorting.

Tue, 05/29/2012 - 12:25 | 2472104 t_kAyk
t_kAyk's picture

I'm having a bully day!! 

Tue, 05/29/2012 - 13:01 | 2472270 tocointhephrase
tocointhephrase's picture

Well bully for you ;)

Tue, 05/29/2012 - 12:10 | 2472021 DeadFred
DeadFred's picture

It's all Egan Jones' fault! We should investigate them!

Tue, 05/29/2012 - 12:10 | 2472022 statlawyer
statlawyer's picture

Still wayyyyy above the cost basis for the pigmen...

Tue, 05/29/2012 - 12:10 | 2472023 Cognitive Dissonance
Cognitive Dissonance's picture

"Time to flip coins."

Heads I win. Tails you lose. 

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