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Facebook European Premarket Bid - €58
If this screen from Bloomberg is correct, people are far dumber than even we thought, because this implies that FB will have an over $200 billion market cap at the open all else equal.
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Wow ! What a bunch of retards. They deserve what is coming if they are that stupid. I hope Bats enacts some revenge.
I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market.
TD, how could YOU think anyone out there is actually dumber than you thought??????? That's the most surprising part of this post...........
As Facebook goes, so goes the market.
Folks in greece trying to get thier money into something of value? LOL
Those lot sizes are quite small looking. I'd write that off as HFTs trying the premarket pump.
Yep. I think the bid prices says more about the value of the Euro than about the value of Facebook.
Flash crash! PLEASE!
Like BATS AHAHAHAHAH
<Edit: close (in reverse) but no cigar!>
One resource humanity will never deplete is suckers....
I wonder if this FB listing is a classic case of calling a top/peak in the market? It seems to have that South-Sea Bubble vibe to it all.
yea America is going to save face with facebook and save the markets while everyone is dumping R2K in order to ride the rocket. In the shadows JEF is at 12 handle and heading south fast.
Get your Tulips now before the price goes to the moon. Just go to:
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Mad...
Here are the reasons why Facebook is a clear BUY at these levels:
1. Facebook is a world renouned brand among the ranks of Google, Amazon, Ebay and Microsoft
2. As of 2012, Facebook has over 901 million (yes, that's million) users, and this is expected to increase significantly in the years to come
3. Facebook has plans to expand it's targeted advertizing capabilities with advanced data mining techniques that top analysts expect to boost revenue dramatically
4. Facebook is attracting some of the brightest techincal and business minds who are expected to drive the company forward
4/10. What's wrong? You're on a sort of dry spell lately.
We're going to have to look for a new one if you don't turn this losing streak around soon.
Of course the real reason it will go to around $15 trillion is that Ben will be printing soon, and then we, just like Zim can get into the habit of knocking 12 zeros at a time of our currency notes.
It's going higher than you think MDB, one can only hope that in time when it does, it will be high enough to buy a pint of milk...
Of course the Zimbabwe Stock Exchange was the best performing in the world in 2007, up 12,000% over the 12 month period.
http://images.mises.org/ZimbabweIndustrialIndex.jpg
I wish I'd bought some of that...
Wish in one hand and shit in the other.
You know MDB I missed you. It is always good to get a laugh on dreary days. A good friend of mine who now helps to manage my portfolio had some sound advice for me two days ago. We were discussing this stock and he chuckled and said wait and buy it for half of what they offered it today. So far his adivce is sound on most offerings I have looked into. If I want a schill to get me to invest what little I do have I would go watch CNBC pumping it today.
I chose to buy gold two days ago and I am already ahead!
MySpace.com, Pets.com, Boo.com, Infospace.com, WorldCom, AOL.com...
Here is the reason why Facebook is a clear SELL at these levels:
1) MDB says it's a buy.
How many ad companies does the world need? Answer: Not many when the world is going into a deep recession. This is the dot com frenzy all over again.
Trying to follow your logic MDB...Are you saying there is "integrity" and "rule of law" in the markets, or are you saying integrity and rule of law are irrelevant?
You are a moron. Facebook to Apple is comparing......apples to crummy information, douche pictures, and nose picking time.
Apple has products. Facebook has Farmville and a "like" button. LOL.....you are demented.
Of course, with 2.2 billion shares, in your "million dollar world", FB will be valued more than say......Microsoft, with your asinine 200 dollar Nostradumb prediction. It may hit it, but watch the shorts come out like Lee Harvey post cup of morning coffee.
First earnings call should be a doozy.
What's your tack? Timmah and Ben Berfartke and the ol' pump and dump dollars?
Hell Two Buck Chuck - your own glorious Government Motors even pulled their ads from the shite-site.
You'd better go and re-educate them Commrade BunkerBonus of Fiat.
One of your wonderful government entities is off message.
I'm certainly not laughing at you, but I do have a $100 tulip bulb to sell.
Wow $200bln valuation -- that sounds like a JPM/Iksil trade....hmmm
Facebook will barely open trading by the time European markets close. These idiots will buy at just about the high. Monday morning they may panic to sell these same over hyped shares.
I wonder, if you are right, can the market handle a $200bln (or whatever) lead balloon like that. If this is the next AAPL, in terms of market weight, look how much heft that one has, what it takes to manage it. Not an expert on this stuff, just wondering.
I sold all of my physical gold to buy FB shares today!
One of Wall St's finest pump and dumps: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-bill...
This will be fun to watch. I might pick up a few shares to feel included.
I hope my charts don't blow up.
So, when are the puts available?
Goldman has already spoken for all of them...................
...And 120% of tradeable shares will be short.
They say options will start trading May 29. Can't wait. This is the market top...
That sucks. The bloodbath will be in the history books by then. "F" for Facebook right after "E" for Edsel.
the bloodbath awaits!
Yep, get ready for a 10 pts. drop on the ES
If you are bidding worthless fiat currency that is going to be worth less tomorrow, and worthless in the near future... do you really care if you pay twice the asking price?
Oh, boo hiss... :P
I wonder how many Euros are being converted into Facebook stock by Greece.
Just saying...
Buying FB (or any other US stock) with Euros then selling for Drachma after the exit is a decent strategy. Gold would be better, but a stock purchase will never get confiscated they the metals might.
Or... <just musing out loud> ...this is a flight - to relative quality...
ParaZite,
I appreciate the sarcasm.
+1
I'd say that they are exactly as dumb as they were expected to be.
The Norway teacher's fund is going to get ass reamed. (again)
Some fool promoting Facebook on CNBC this morning was talking about the as-yet-undiscovered revenue streams Facebook will magically discover a few years down the road. Can you say "Beauty Contest"?
Too freaking funny.
I have TORTURED myself as I have turned up the volume on cBSnbc, and listened to the dogma and ka ka.
One would think Facebook was the second coming of Christ. Un-be-lievable.
Aerial cameras. Mother of God!
I need to wash Cramers voice out of me head. Anyone got some industrial strength ganja?
I need a Nicholson Easy Rider campfire moment - or complete night.
"One would think Facebook was the second coming of Christ. Un-be-liebable."
Wait ... you mean it's not? ...
I got some seeds and stems, will that due until JIT delivery?
I'll take the seeds. I feel the entrepreneurial spirit calling me.
Cramer is the evil doppelgänger of Louis CK
Cramer is MDB
Also known as the future ad rev generation mechanism. Whatever that may be. (prayer i guess).
Inconceivable!
The next CRAAPL has arrived
Move aside Apple. We have a new hate figure for ZeroHedge!
http://www.youtube.com/watch?v=uijFctBM47M
Pro Forma income...remember that phrase....boy is this being hyped....all the Networks on site.....lol....Where is Michael Jackson....I bet Obama shows up...
Yep. Barry will tout this IPO as evidence that his policies are bringing about an economic recovery...
What's FaceBook? Is it an app or what.
Must not be on the NasDaq. The Nasdaq is down.
UVXY, TVIX and FAZ +++
A fool and his money are surely parted....
Partying?
A fool and his money were lucky to get together in the first place :)
A fool and his money are surely parted....
YeaH! PARRRTEEEE! WHOOOHOOO!
Goldman gaming the European screens no doubt
Facebook's market cap is expected to be bigger than Amazon's and Cisco's ...
That is just surreal to me.
Man....FUCK MOTHER FUCKING FACEBOOK!!!!
this shit is so fucking stupid.....
...But you and I, we've been through that, and this is not our fate
"So let us not talk falsely now, the hour is getting late.
Hope you're all well prepared, the wind's begun to howl
never underestimate the stupidity of a mob of sheep.
<farmers wisdom>
pump & dump bitchezzzz.
that fugly mofo needs billions or he would never get laid.
Have you seen his gir?
Why no - what does his GIR look like...?
Is that one of those felt huts they live in in Mongolia...?
;-)
Bitch doesnt even get an "L" for dating homeboy and not being particularly fly.
This compnay has made 1 billion and it is valued at 200 billion
the market top is in.
theFuckingstupid
Sugar Mountain will go down in history.
Pls stop publicly expressing your jealousy, Taylor....
The herd being led into the slaughter house.
Its probably a trade done by the traders themselves to drive up the value.....maybe those funds for that trade came from Singapore?
What, no free beanie baby with every 100 shares?
Face(lift)
Face(plant)
Facial
"far dumber"
so then we should be "far smarter" and SHORT THE SHIT OUT OF IT from the get-go ?
I shot an email to Proshares and asked if they can create a Ultra Short Facebook ETF - maybe call it FUBR or something - make it convenient for all of us to get in the action and they stand to make a couple of bucks as well.
First mt wife's Apple computer broke. Then after a week without any computer, she said, "Funny, I don't miss Facebook at all!
I deleted my facebook account today.
After the IPO and certain articles suggesting an increase in ads and spam, never mind the encroachment of government and corporate noses mining my personal data, convinced me that Facebook and Google are not in business for the good of those who use their services, but are now something a lot more sinister, if I may use that term.
Now that Facebook is on NASDAQ and "God's" servant Goldman Sachs has a piece of the action, I am telling both to go to hell in my own fashion.
I wonder how "God's" servant will feel being rejected on the day that many sheep get "fleeced"? :)
"I deleted my facebook account today."
Don't worry -- they'll still keep everything on file for you....
and if they don't, then the CIA, FBI, NSA, etc does - no need to spend your own money on a backup file system anymore
I deleted my acct, and they kept sending me emails saying you have activity in your acct. So I logged back in to see what is up. Well when you log back in it re-activates your account. What a scam?
There is a seperate process you have to follow to really delete your acct and it is not there process.
Got queasy watching Zuckerberg and his silver spoon crowd ringing the NASDAQ bell.
Not a productive invention to improve life but a narcissistic window to sell consumption.
BARF.
here we call that "The American Dream"
Oh if only I could get my hands on the list of people that actually bought this. I'd be rich selling them bridges and land.
Upside from day two of investing in FB, zero, downside, a whole fucking bunch
(With arms spread out with a deep voice) Lemmings unite around theFacebook!!!
$200 BILLION
That's 50 TIMES REVENUES
That is $222 for every ADHD "look-at-me" teeny, who shares her innermost vacuity whilst NOT clicking on GM ads.
Watch CNBS, you'd think this Zuckerberg is the new world savior, even above the Kenyan. astounding.
I don't get you guys on here. You go on and on about how trading is done by algos and that the retail investor has left the market and then at the same time you call 'people' stupid for buying Facebook.... Contradict yourselves much?
Honestly I don't believe "people" are buying Facebook. The retail investor is toast and the amount of money being pulled from funds confirms it. On the other hand, There are a lot of stupid pension funds
OK, so before my wife's computer broke, she said, "Come here, Facebook holdout, I want to show you something." So, then, she put my name, "Mess Nonster" into the facebook search window, and BAM! a freakin' TON of photos, comments, and assorted other crap popped up. So, if you don't have a Facebook account, (and I dont) you're still on Facebook.
We may be missing the big picture here. Perhaps as we go deeper down the Facist road at some point in order to be an american citizen you will be required to have a FB account which will become the official sanctioned U.S. passport, a bank, your driver's license, your birth certificate, your voting booth etc etc.
Opening price will be flat then the avalance will start. 27 close
sounds about right to me
After Europe implodes by mid summer I call $13 by August
Dell, MSFT, IBM going down. Passive index funds have to reweigh them. Positive feedback loop. free markets ftw.
Tech Bubble Part Deux!!
That P.T. Barnum fellow was a genius.
delete
Same retards who just lost 20 billion.
Same retards who get bailed out over and over again.
Same retards rigging all paper markets.
Facebook - Starship enterprise for clueless pasty nerds. Complete horseshit.
For those who think America can't produce anything ...
Build an enormous golden calf and party while the entire world implodes.