FacePlanted To New "All Time" Lows

Tyler Durden's picture


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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Tue, 05/29/2012 - 10:10 | 2471461 gatorengineer
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Tue, 05/29/2012 - 10:17 | 2471503 redpill
redpill's picture

I went and made a throw-away facebook account just so I could "Like" this story.

Tue, 05/29/2012 - 10:19 | 2471511 SilverTree
SilverTree's picture

I see STRONG support at $0.00

Tue, 05/29/2012 - 10:23 | 2471529 taniquetil
taniquetil's picture

For all the trouble it's worth, I doubt I'd buy all of Facebook for $0.

Tue, 05/29/2012 - 10:26 | 2471553 Pladizow
Pladizow's picture

And on a day when the markets up!

Tue, 05/29/2012 - 10:38 | 2471612 Colombian Gringo
Colombian Gringo's picture

Short and loving it.... suck it zuckerberg!

Tue, 05/29/2012 - 11:02 | 2471719 WonderDawg
WonderDawg's picture

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.

Tue, 05/29/2012 - 11:31 | 2471829 francis_sawyer
francis_sawyer's picture

Morgan Stanley Bankers turned Tilapia farmers...



Tue, 05/29/2012 - 11:46 | 2471902 Matt
Matt's picture

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.

Tue, 05/29/2012 - 13:06 | 2472289 Matt
Matt's picture

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.

Thu, 05/31/2012 - 17:28 | 2481256 MeelionDollerBogus
MeelionDollerBogus's picture

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


Tue, 05/29/2012 - 10:42 | 2471621 MillionDollarBonus_
MillionDollarBonus_'s picture

$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.

Tue, 05/29/2012 - 10:44 | 2471633 SilverTree
SilverTree's picture

RoboTrader is that you?

Tue, 05/29/2012 - 10:48 | 2471655 MrBoompi
MrBoompi's picture

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?


Tue, 05/29/2012 - 11:42 | 2471884 Dixie Rect
Dixie Rect's picture

Hey MDB, how many shares of Enron are you long?

Tue, 05/29/2012 - 10:48 | 2471647 Colombian Gringo
Colombian Gringo's picture

MDB, glad its your money, not mine. Young people are fickle and can easily find something else to replace FB. Ask Myspace and yahoo.

Tue, 05/29/2012 - 10:50 | 2471664 BeetleBailey
BeetleBailey's picture


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..............

Tue, 05/29/2012 - 11:49 | 2471910 Matt
Matt's picture

You better go see a specialist. Your satire detector is broken.

Tue, 05/29/2012 - 10:50 | 2471665 prains
prains's picture



treat yourself you desreve it


hominus dorkasaurus 

Tue, 05/29/2012 - 10:56 | 2471694 Clycntct
Clycntct's picture

Hey MDB see you at the -$Bottom-$

Tue, 05/29/2012 - 11:09 | 2471742 Diet Coke and F...
Diet Coke and Floozies's picture

So, 300 shares at IPO... 500 shares now... Remember to tell us when you exit the position MDB!

Tue, 05/29/2012 - 11:25 | 2471791 stocktivity
stocktivity's picture

...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.

Tue, 05/29/2012 - 11:30 | 2471820 Groucho
Groucho's picture

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.

Tue, 05/29/2012 - 11:33 | 2471836 q99x2
q99x2's picture

If you own enough of it maybe you can get sued too.

Tue, 05/29/2012 - 11:47 | 2471850 francis_sawyer
francis_sawyer's picture

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?...

Tue, 05/29/2012 - 13:21 | 2472400 Matt
Matt's picture

BATS went from $15.25 to $0.04 on launch day. I think that is a record right there.

Tue, 05/29/2012 - 12:02 | 2471975 BudFox2012
BudFox2012's picture

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?

Thu, 05/31/2012 - 17:17 | 2481207 MeelionDollerBogus
MeelionDollerBogus's picture

Click? Ads? Hellooooooo adblock

Thu, 05/31/2012 - 17:16 | 2481205 MeelionDollerBogus
MeelionDollerBogus's picture

Only 500? At these bargain prices I'm suprised not to read 10,000 shares. Come on MDB, grow that bonus!

Tue, 05/29/2012 - 10:25 | 2471537 vast-dom
vast-dom's picture

28.99 and for a bit, then down the toilet (for this website)....

Tue, 05/29/2012 - 10:27 | 2471555 SilverTree
SilverTree's picture

"this"=FB or "this"=Z|H?

Tue, 05/29/2012 - 10:57 | 2471700 resurger
resurger's picture

Yup! call WB for the 30 Mark

Tue, 05/29/2012 - 10:30 | 2471564 RaymondKHessel
RaymondKHessel's picture

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.

Tue, 05/29/2012 - 10:39 | 2471615 Ethics Gradient
Ethics Gradient's picture

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?

Tue, 05/29/2012 - 23:19 | 2474108 StychoKiller
StychoKiller's picture

Take off yer shirt and get to wailin' on him/her!

Tue, 05/29/2012 - 10:45 | 2471644 jus_lite_reading
jus_lite_reading's picture

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



Tue, 05/29/2012 - 10:52 | 2471674 BlueCollaredOne
BlueCollaredOne's picture

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. 

Tue, 05/29/2012 - 14:30 | 2472762 Rick Blaine
Rick Blaine's picture


Tue, 05/29/2012 - 10:18 | 2471505 CreativeDestructor
CreativeDestructor's picture

It zucks.

Tue, 05/29/2012 - 10:10 | 2471462 ShortTheUS
ShortTheUS's picture

B.A.T.S. in the BELFREY!



Tue, 05/29/2012 - 10:15 | 2471489 t_kAyk
t_kAyk's picture

"A bad LSD trip sounds good right about now."  ~ Farcebook investors

Tue, 05/29/2012 - 10:22 | 2471527 kridkrid
kridkrid's picture

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.

Tue, 05/29/2012 - 10:35 | 2471594 fuu
fuu's picture

Don't look at the crime scene pictures for that one. Gruesome.

Tue, 05/29/2012 - 10:13 | 2471473 Number 156
Number 156's picture


Tue, 05/29/2012 - 10:14 | 2471485 slaughterer
slaughterer's picture


Tue, 05/29/2012 - 10:17 | 2471500 THX 1178
THX 1178's picture


Tue, 05/29/2012 - 10:26 | 2471554 El Viejo
El Viejo's picture

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.

Tue, 05/29/2012 - 10:13 | 2471479 mrktwtch2
mrktwtch2's picture

shame there were no shares available to short on the 1st day of trading..we all could have cleaned up on this one..

Tue, 05/29/2012 - 10:15 | 2471490 williambanzai7
williambanzai7's picture

Think of it this way, it's still a long way down to $8

Tue, 05/29/2012 - 10:17 | 2471499 rosiescenario
rosiescenario's picture

That would be after the 20:1 reverse sock split?

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