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FacePlanted To New "All Time" Lows
Previous lows from last week's pre-market action have just been broken as market-makers adjust to options trading on the IPO of the decade which just printed $30.10 - or all-time lows - now down 33% from its post-IPO highs. Volume is a little higher than the last couple of days but remains significantly below the first few days' exuberant exiting. Put volume is outpacing Call volume by around 1.5-to-1 with $25 strike Puts among the most active. Some lucky lottery-ticket buyer just bought 1 lot (100 shares worth) of $10 Puts maturing in two weeks.
Put-Call Ratio is around 1.5:1 and we note Puts dominating the volume chart...
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Zuckers
I went and made a throw-away facebook account just so I could "Like" this story.
I see STRONG support at $0.00
For all the trouble it's worth, I doubt I'd buy all of Facebook for $0.
And on a day when the markets up!
Short and loving it.... suck it zuckerberg!
Bought some June $29 puts for a $1.15 this morning. Feel like I just found a sack of money with my name on it.
Morgan Stanley Bankers turned Tilapia farmers...
~~~
http://www.msnbc.msn.com/id/47599674/ns/local_news-new_york_ny/
How fast do people expect this stock to dive? $10 in 2 weeks seems pretty aggressive, that is a real lottery ticket there, hope s/he didn't pay too much for it.
Why would someone buy a June 16 2012 $10 put for $0.05 when a $21 put is also only $0.05? Either there are some funny bets going on, or I am really confused and don't understand what is going on.
WINNING. Options are on? I'm in. I have a strangle for intc but I'd be more than happy to sell the put side and take fb put in its place. I'm up anyhow so why not. Few things in the market are "easy money" but FB short? Oh ya, it's ON LIKE DONKEY KONG
$30 should be solid psychological support. Bought another 500 shares this morning - The value is off the charts here. This cannot last much longer. This is the social networking revolution - older people just don't get it.
RoboTrader is that you?
I'm sure there are a few robots out there who are buying FB and holding it for a couple of milliseconds. Front running FB is still allowed right?
Hey MDB, how many shares of Enron are you long?
MDB, glad its your money, not mine. Young people are fickle and can easily find something else to replace FB. Ask Myspace and yahoo.
MillionDummyBagOfHammers.....
Yes, old people DO get it.
Revenue. Profits. Facebook has little of either. The first quaterly profit call is going to be a dooooooozy.
FacePlant can't hide or lie anymore (much).
See, it's called V A L U A T I O N....something you young people don't "get".
Besides, I don't believe you bought 500 shares @ 31, or 30.50 or whatever.
That's north of $15,000.00
I call bullshit on you.
The thing is..why are you on here shilling the POS stock? That is the mystery.
Plus, aren't you supposed to be out, regulating the crap out of small businesses?
Oh...that's right. You "work" for the government..............
You better go see a specialist. Your satire detector is broken.
MDB
treat yourself you desreve it
hominus dorkasaurus
Hey MDB see you at the -$Bottom-$
So, 300 shares at IPO... 500 shares now... Remember to tell us when you exit the position MDB!
...maybe the older people do get it. It's not about a social networking revolution here....it's about an overvalued stock. You must be young and just bought your first stock over $38...sorry but learn from it. Kinda zucks to be you.
good luck to you and the other "young trendy investors". i cant figure out if you could possibly be for real or your just laughing your ass off at everyone whose blood pressure you elevate with your hilarious posts.
If you own enough of it maybe you can get sued too.
Facebook can't even claim the prize of biggest turd in the toilet bowl yet...
In 2008, Blackstone (BX) IPO'd at something like $30 and went straight down to under a $5 handle before all the money printing circus began in earnest in March '09...
You in for that kind of ride MDB?...
BATS went from $15.25 to $0.04 on launch day. I think that is a record right there.
Value? There's nothing there. They can't get anyone to click on their ads, and most of their users have major reservations about the whole site and would jump if a better alternative became popular. The damn thing is Myspace 2.0.
And I'm not even getting into the technicals here - how much profit do they actually make, and what price is this stock?
Click? Ads? Hellooooooo adblock
Only 500? At these bargain prices I'm suprised not to read 10,000 shares. Come on MDB, grow that bonus!
28.99 and for a bit, then down the toilet (for this website)....
"this"=FB or "this"=Z|H?
Yup! call WB for the 30 Mark
Me too - friend me - same user name as here on ZH. http://www.facebook.com/#!/profile.php?id=100003854638604
This sh_t is going to 5.
And you're a member of the ZH facebook page? And the facebook page has 301 people talking about it?
Have you forgotten the first rule?
Take off yer shirt and get to wailin' on him/her!
Redpill. In your jesting there is truth. How many of the supposedly 900 million accounts are really active? How many are real people? How many of the cult FarceBook followers actually click on ads?
The answers to this only the insiders know...
FarceBook is a STRONG BUY at $1.70 and an epic failure at $45.00
LMAO
GAME OVER
I cant answer your question in regards to accounts, but this article sheds some light on how they pad their numbers.
As far as the amounts on clicks, check out this ZH article.
Game over is correct sir.
Nice.
It zucks.
B.A.T.S. in the BELFREY!
BITCHEZ!!!
Looks like the zombies have found a new face to eat.
"A bad LSD trip sounds good right about now." ~ Farcebook investors
I'm usually all for trainwreck watching and reading, but I couldn't get past the headline on that one. The headline alone is leaving a mark. I want off.
Don't look at the crime scene pictures for that one. Gruesome.
Facepalm
FaceFucked
Faceplant
In 8th grade football I was a 98 lb. defensive guard. Wearing the smallest uniform they had the kneepads still came down to my ankles. I know a little about faceplants.
shame there were no shares available to short on the 1st day of trading..we all could have cleaned up on this one..
Think of it this way, it's still a long way down to $8
That would be after the 20:1 reverse sock split?
But we got an ES stick save! That'll move the chains!
<golf clap>
My next St. Louis Cardinals jersey is going to have Bernanke on the back and the number 16,000,000,000,000
That's giving him the old 1-2 punch.
Kermit, Miss Piggy, Fozzi bear, and Animal are not happy chappys
Dear Mr Market Maker, Can I get a quote on a 2 dollar Dec 2012 put please
Yes u can get a quote. $1.99 Bid 2.01 ask. Knock yourself out.
Touché !!
Off topic, but as a service to my fellows here on ZH.......here are all the words to avoid using:
http://www.dailymail.co.uk/news/article-2150281/REVEALED-Hundreds-words-...
Given that 'Crash', 'Riot', 'Looting', 'Incident', 'Initiative', 'Threat', 'Spillover', 'Exposure' and 'Collapse' appear on just about every page on ZH, they must need someone monitoring this place full time.
Where do I apply?
Ask Max.
.....actually they have a team of 10 assigned to ZH....they rotate with 5 "on" and 5 "off" monitoring the midget porn channels in preparation for their advancement to the SEC.
Draper Utah.
Nice new buuilding just for your enjoyment.
Here, catch this hand grenade BEFORE you bomb! :>D
ANFO FTW!
I can't wait to see a $29 handle on this turd.
You just have to wait ... hmm ... a few more minutes for that $29 handle to happen.
Hahaha, I bought June $29 puts a little while ago. Cheap, in my opinion, at $1.15.
Still wildly overpriced imo.
Whipum agin!!
If only Suckberg has some friends http://www.southparkstudios.co.uk/clips/sp_vid_267113/
If only Suckerberg had poked his Grandma http://youtu.be/M8rcp32eHrQ
I chucked in a strike at $28 - dive you b*****d....it's like shooting muppets in a IPO, stealing gold from central bankers, joining the national guard then disappearing in case your drafted.....s**t one day I may even become president
Yo, Rabbit.......you can fuckin curse on here. No one will stop you.
look at that massive $30 prop job attempt ! LOL
When the shorts ram it to $30.02 on the ask,,,watch for the mother of all prop jobs at $30 IMO.
Half the accounts are old or fake!
One 30ish is a billionaire and about three million at his age are unemployed in the US alone and no future prospects of any kind, except living with mommy and daddy. This is going to end really well...
Dewey Vaportized
Fadebook Small investor Vaporized
stock mkt $ 3 Billion stock mkt redemptions last week;
Spain greece portugal france, Vaporized.
Dewey, Screwie and Howie Firms Go Broke, $ 245 Million loans to banks go Vaporzed
Morgans Hedge Portfolio: Vaporized
da Euro: Vaporized.
see: MF global, its all Vaporized
Not stolen vaporized, we know where it is, suckers.
actually after listening to Turd Fergusons interview - maybe it really was the first IPO IBO - Initial Bailout Offering
so far, FRAUDBOOK is holding the $30 handle.
It is being defended at 30.00 by the underwriters.
They are going to get taken to the cleaners. AGAIN!!!
Upper limit, PE ratio at 20 (500 million dollars of earnings, at 38 total value was 104 billion) would give about $3.65 per share. One GIANT DREAM PUT! :----------)
Ass Book !
FeceBook
Over the weekend a friend of mine made an interesting point. FaceBook can be profitable if they start selling user information to corporations. While there may be privacy issues (or not) currently, I'm sure they'll be eroded with time. FaceBook will be like the Google on personal data.
Doubt it.
Facebook sued for 15 billion over privacy concerns. I think it was settled out of court, but I could be wrong.
The most active Facebook users must be white/black/latino trash unemployed moms, detailing their little bastards' daily life in details or broke-ass teenagers talking shit or trying to get into someone's pants. I doubt the info value is that valuable for companies...except maybe for diaper and condom makers.
But they have plans to launch their own mobile phone! Of course they've never built phones in the first place but who cares, right?
The FB phone is going to be a smasher!
FYI.. the "campaign" is still going to suck investors in. Quite fucking fantastic on what level these bastards are playing this thing.
Just seen on The Fly on the Wall:
"Facebook in talks to buy Zero Hedge."
"Facebook wants to bolster street credibility through ZH purchase"
"Facebook offering Tyler Durden position on FB BOD."
"Facebook offering lifetime contract to William Banzai for FB site re-design"
"Facebook offering ZH members Million Dollar Bonus and RoboTrader positions in new 'Facebook Market Likes' subsidiary."
I've always wondered how a company that "MAKES NOTHING" is worth $100,000,000.00. To me that's a sad state of our economy...just look at jobs. Less than 65% of our population is working. Instead they're checking in on friends, Tweeting and being irrelevant as it pertains to contributing.
Software is something and advertising dollars are a big deal. Google is a good company and makes bank. Facebook is simply overvalued, it's a good company, but is only worth $12 to $15. So it nosediving from $38 isn't a surprise to anyone that is capable of evaluating a company.
Agreed. Bad valuation is the problem. I blame a greedy CEO.
Guess it just confirms the old adage that no retail traders should buy IPOs that are available to them. If you can get it, you don't want it.
I knew people trying to short it around its highs on its opening day but they could not get shares due to foul-ups and such.
It's a buy at $12
this just in... Facebook admits they are screwed as an app on iPhone and need to create their own smartphone universe so we all can spend freely to deepen Zuckerpockets outside of apple
HA!!! glad they got that whole IPO money grab outta the way before letting this story take legs
This just in from Reuters, WSJ, FT, and the White House:
"Defending FaceBook share price of $30 a matter of national security. All AAPL trading profits, government revenue, and gold to be used for this mission."
For shits and giggles, I'm going to buy some July Calls.
" scumbags shorting FB should be shot for treason. It's anti American"
- overheard in a restaurant.
You know, I've never been one to lace very many F-bombs into my language, but I think I've now found a much better alternative than that stupid Battlestar Galactica word: ZUCK.
Obama's a ZUCKIN' idiot.
ZUCK this economy, buy gold.
Bernanke is totally ZUCKED up.
There, I feel better now.
Heard in the halls of Junior High Schools across the USA: "I lost my college tuition money by buying FB IPO shares at syndicate price on my father's ScottTrade account."
There's one born every minute, and Zuckers an hours worth!!!
Slack's totally useless sayings no:2037 (c) 2012
finally I found it - enjoy everyone - the same crap way back from 1984 - listen to the dude on TV
http://www.youtube.com/watch?src_vid=ewwKExvkqXQ&list=PL0208BF8392B827AD...
Notice the Repo Code is a joke on Asimov's 'Three Laws of Robotics' - ok it's my day off and i'm whacked (if not me - then who) - now it sounds noble
http://www.youtube.com/watch?v=0IzCyp-dwbs&feature=youtu.be
Made the mistake of having the volumje up on cBSnbc this morning.
One shill after another pumping this dog.
Cramer had the gall to talk about the "med" crowd at the 76er game - the turd.
Damn...I lost some brain cells.
Santelli is on now.....brilliant as usual. The other "anchors" glaze over as to his telling the truth.
MUTING!
With CNBC losing as much rating share as Fox they could at least trying something new - like the truth
Rick Santelli - 24/7 - sure the Rickster will eventually die of exhaustion, but their short term ratings hit would allow them to off load their crap stocks to other Zuckers
(I know that sounds evil, but does that make me a bad person or just another wall st bitch)
The weekend tech rumors were that FB are buying Opera browser and are going to make their own smartphone. You could not make it up! LOL (I've got a $13 target BEFORE they do any of that)
Edit $13 not $3 (typo)
They should go with Mosaic...actually um wait
http://en.wikipedia.org/wiki/Mosaic_(web_browser) - all the goodness that 1993 could offer
I guess Barry (of the Choomwagon) would say : total absorption !
Facebook, the contra stock. When the broad market goes up, Facebook goes down.
Meanwhile, Facebook share distributors continue their price manipulation; must hold $30, must hold $30, must hold $30. Does the SEC care? Hell, they didn’t care when it happened at $38, why should they care now?
Facebook = Fraudbook for investors. Nobody should be in this stock; not for themselves or on behalf of anybody else.
"LIKE it or DISLIKE it," I see $29 something by high noon LOL.
This was posted over the weekend on a trading board I frequent. It made me sad:
"It probably won't happen but I so hope it folds! It has eaten my family like a cancer! My wife has 1000+ friends! And guess what when you have that many people in your circle someone always needs/wants/bitching about something. She at times get up with me at 5 in the morning and we do not speak until 7 ! For disclousure I have 9 friends... We are on a dead end road and wonder how many other familys are infected with this Cancer.... Just my Two Cents..."
It'll pass...just like MySpace...and for those that weren't there...just like IRC during the early online computer game Quake-HalfLife-UnrealTournament era (for those that don't know) .
There was a flash in the pan, and then suddenly it was gone, as everyone and everything fragmented - which naturally happens in networks - both in nature and on line.
However a word of warning - when the gods wish to punish you, they answer your prayers....and no i am not joking......Change will be required on both sides
Guys, do you have 12 to 30 year olds around you? I agree that FB was hyped to no end and that it will fall in the next few months as more and more shares become available to short it ...
But it is the way 12 to 30s communicate today. They arrange parties, chat at night, have fun, organize protest marches, etc.... Nobody has figured out yet how to monetize it well, that is certainly true... But would you bet that they won't? or that they would?
If you are in the second camp, then, you should just wait till the price is right to enter. If your value is 0$, then wait for 0$, but get in or you'll miss the bus.
All this said, I belong to the camp who thinks that the whole crony capitalistic system we currently have is not sustainable. The macroeconomy is very close to a zero sum game, so it is correct that the more young multibillonaires we have the more unemployed or underpaid people we will have, specially when the money doesn't get reinvested but used to pump the bubble we have. There is no way around that.
Until next time,
Engineer
Dude
its easy to kil FaceBook - just tell your kids how 'KEWL' it is and how you want to friend their friends (and if you can't - who are they, what do they do? What does their mum and dad do?...Can we meet?...thas also would be soooo KEWL)......damage done.
Enjoy shorting cool, and longing KEWL http://www.youtube.com/watch?v=M8rcp32eHrQ
http://www.youtube.com/watch?v=CQTl2kN160g
And that is how you POKE back
Frogbook.
http://a0.vsoh.com/frogbook.jpg
Facebook price heading backwards. First in 40s, then 30s, then 20s. MOVIE PITCH: The Curious Case of Benjamin 'Like' Button.
Told ya / by high noon twas
2.5 million share spike @ 11:59AM
http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Someone got the word that support was ending at noon.
Bye bye $30
Facebook, Inc. (FB)
29.79 2.12(6.64%) 12:00PM EDT - Nasdaq Real Time Price
Options trading is exerting even more pressure on the stock. When retails buys put options to protect themselves, the institutions who write (sell) them the options have to SHORT the stock so that they do not end up holding the bag on those options. So more people buying put options means more selling (or short selling) of the stock.
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