FacePlant Back In The Teens

Tyler Durden's picture

But, but, but... the freeing up of 271.1 million of FaceBerg's shares today, boosting by 60 percent the number that could be traded (freed up from lock-up), was all priced in? It appears not as the share price plunges  over 5.5% back into the teens once again. Have no fear though, when they figure out 'social' (and cold-fusion), the 33 analysts who have it as a Buy or Hold will be proven right... only a another billion or two more shares to come...

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LawsofPhysics's picture

Where is my money Lebowski?  Give me my fucking money.

ChubbNut's picture

Jackie Treehorn says you're good for it!....you're not dealing with morons here.

camaro68ss's picture

FB in the teens always brings a smile to my face :-)

Stackers's picture

Quickly approaching my target entry price of $0.11

malikai's picture

Stay the fuck out of my way. I'm in at $0.01.

MillionDollarBonus_'s picture

For long term value investors, this is just short-term noise. This is a great dip-buying opportunity – and honestly, who cares whether you pay $19 or $40 when the long term price target is in the $100s??? 


_ConanTheLibertarian_'s picture

long term value investment? WHOUHAHAHAHAHAHAHA!

MillionDollarBonus_'s picture

The early investors in Google and Microsoft also endured tremendous volatility. But now those investors own tens of millions of dollars of high yielding equity.

jt17's picture

MDB, you still holding those 300 shares you got at opening day at 42? or was it 45?  Please do tell us when you decide to sell...

BeetleBailey's picture

No..don't you remember? MillionDoucheBags was channeling Gomez Addams and calling his broker with BUY ALL YOU CAN orders...


Beam Me Up Scotty's picture

How is MySpace doing? Kids are leaving FB in droves. My daughter says no one uses FB anymore and she is 17. Her friends all use twitter. FB will crash and burn. It's already spiraling in.

BeetleBailey's picture

Teens ARE the ultimate judge of these idiot social networking sites.

NO value. NO revenue. NO earnings.

LOL....MDB...you're simply an idiot.

Bay of Pigs's picture

Keep these dates in mind MDB. especially Nov 13th.

  • October 14th: 249 million shares, 9% of shares outstanding.
  • November 13th: 1.332 billion shares, 49% of shares outstanding.
  • December 13th: 124 million shares, 5% of shares outstanding.
  • May 17th, 2013: 47 million shares, 2% of shares outstanding

    Read more: http://www.businessinsider.com/facebook-lockup-release-2012-8#ixzz23j1UmsY5

  • John_Coltrane's picture

    Good Advice.  I took this into account when today I rolled my Aug 30 FB puts down to the Dec 20 strike with a price target  (based upon the huge dilution factor) in the very low teens (10-12).  Whoever bought my puts was likely very happy to be able to unload his shares at $30.

    BTW:  To MDB I had a gain of 300% on my puts which I held just a little over two months before rolling so I thiink this might beat a buy and hold strategy.

    One can often underestimate how far these losers can fall.  I once had GRPN 20 puts which I rolled to 13 and now to 8, taking profits all the way down.  Now I've thinking of rolling down further to 5.  But no rush.  By Jan expiry GRPN may not be listed on the exchanges anymore.

    BeetleBailey's picture

    That's it. MDB is a plant.

    "High yielding"? LOL.....LMAO....please.....asshole...stop while you're behind so bad the dust is eating you.

    Secondly, Microsoft has...........wait for it douche.....AN ACTUAL PRODUCT TO SELL.

    Ditto Google.....

    FartBukakke? Nothing. ZIP. Nada. Crap.

    Look up the phrase "apples to oragnes" next time Mom let's you use the puter boy....

    In this case, it's apples to smelly turds.........

    epwpixieq-1's picture

    You clearly have no idea about technology.

    Google brought a new idea about technology on a grand scale. If there is no Google, the labor efficiency of a lot people will sharply decrease and for some of them will totally disappear. For Microsoft I can not comment ( a company created by not inventing anything new conceptually but, assembling already existing things ), just will say the world will be a lot better place will only Linux ( and soon will be ... ). Clearly the German government does not see the value of Microsoft as in 2005 transfer all Windows based PCs to Linux :)

    Now think, what will happens if facebook disappear ... well ONE basic thing (among other good things), the people will have more time to spent on productive things and interesting activities instead of looooooosing time in the wasteland name facebook.

    Good luck with the long term value, because clearly you do not have any idea whit this means, well at least in the technology land.

    The Count's picture


    Let me guess, you are in denial because you got screwed royally? 



    resurger's picture

    EPS 0.29

    Yes, its a good muppet hold

    BeetleBailey's picture

    LOL. Douche.

    Problem is - douche - you can't talk this PIECE OF SHIT STOCK UP.....

    Long term....by that you mean.............1,000 years?

    Value - by that you mean, buying someone else's shit?

    Man - you are fucked up

    Thought criminal's picture

    Leave him alone guys - it's just a small 50% dip. If he holds it a few more years, FacePalm is surely gonna make a comeback...

    withnmeans's picture

    This just proves the Home Gamers are out of the Equities Markets.

    Let the Big Bankers and Big Government play their games, FacePlant would probably be higher if the rest of the market players were in the game. Nobody wants to play in Market place that is based on Lies and deceit, hence NO VOLUME.

    How long can this go on? Good question...

    Smart to just stay out !

    Gene Parmesan's picture

    "Mark it zero" might be more fitting.

    Dr. Engali's picture

    Whatch them sell every share they can of this piece of crap.

    Vincent Vega's picture

    It will likely end up being the #1 holding in Corzine's new hedge fund.

    smlbizman's picture

    this was easy to see comming...the nature of man is to sell low and buy high....

    CunnyFunt's picture

    Not to worry. We have HCLP to pump.

    holdbuysell's picture

    Didn't Reed Hastings buy a boatload at $21?

    He might want to stick to his selling of NFLX shares.

    HD's picture

    I am a petty, petty man. It brings me great joy on many levels to watch Facebook implode.

    Then again, maybe it's because I'm a "psychopath"...


    toady's picture

    I saw that one a couple days ago... pretty subtle way to scare people into signing up, aye?

    "I don't want to be a psycho! "

    Did you see the 'facedeals' thing yesterday? Give up your facial recognition rights for a coupon ...

    It's getting scary...

    Spastica Rex's picture

    Maybe FB could get some traction if the media started saying that if you didn't use it, you're probably an illegal immigrant and subject to deportation. Might work.

    SilverCoinLover's picture

    Don't worry, when QE3 comes Bernake will buy up all the FB stock!

    Never One Roach's picture
    Facebook Shares Plunge


    Should a stuck with Groupon or Zynga....

    Yohimbo's picture

    Fuck You Zuckerberg.

    asteroids's picture

    A stock is worth what people are willing to pay for it.

    Yohimbo's picture




    is FaceBUkk almost over?, please tell me its almost over.

    Spastica Rex's picture

    It will never be over.

    Now I'm heading over to MySpace, the leading social entertainment destination.

    bigwavedave's picture

    You just dont "GET IT" do you?

    ShortTheUS's picture

    Facebook does have some intrinstic value. Maybe not in the teens or even the single digits. Or for advertisers or businesses looking to advertise there. Or for society at large as people waste their time on it.

    Actually, maybe it has no real value whatsoever.

    Spastica Rex's picture

    What if they charged you a nickel every time you clicked on something? 

    monopoly's picture

    What a scam. Makes Lloyd look honest.

    i-dog's picture

    "FacePlant" ... LOLOL! ... I just can't help spontaneously laughing every time you use this, Tyler!

    Itch's picture

    Facebook staff were given the ok to start selling they're shares today...go figure!

    buzzsaw99's picture

    even microsoft isn't dumb enough to pay $40B for FB