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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 | Link to Comment gatorengineer
gatorengineer's picture

Zuckers

Tue, 05/29/2012 - 10:17 | Link to Comment 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 | Link to Comment SilverTree
SilverTree's picture

I see STRONG support at $0.00

Tue, 05/29/2012 - 10:23 | Link to Comment 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 | Link to Comment Pladizow
Pladizow's picture

And on a day when the markets up!

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

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

Tue, 05/29/2012 - 11:02 | Link to Comment 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 | Link to Comment francis_sawyer
francis_sawyer's picture

Morgan Stanley Bankers turned Tilapia farmers...

~~~

http://www.msnbc.msn.com/id/47599674/ns/local_news-new_york_ny/

Tue, 05/29/2012 - 11:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SilverTree
SilverTree's picture

RoboTrader is that you?

Tue, 05/29/2012 - 10:48 | Link to Comment 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 | Link to Comment Dixie Rect
Dixie Rect's picture

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

Tue, 05/29/2012 - 10:48 | Link to Comment 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 | Link to Comment BeetleBailey
BeetleBailey's picture

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

Tue, 05/29/2012 - 11:49 | Link to Comment Matt
Matt's picture

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

Tue, 05/29/2012 - 10:50 | Link to Comment prains
prains's picture

MDB

 

treat yourself you desreve it

 

hominus dorkasaurus 

Tue, 05/29/2012 - 10:56 | Link to Comment Clycntct
Clycntct's picture

Hey MDB see you at the -$Bottom-$

Tue, 05/29/2012 - 11:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment q99x2
q99x2's picture

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

Tue, 05/29/2012 - 11:47 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Click? Ads? Hellooooooo adblock

Thu, 05/31/2012 - 17:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment SilverTree
SilverTree's picture

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

Tue, 05/29/2012 - 10:57 | Link to Comment resurger
resurger's picture

Yup! call WB for the 30 Mark

Tue, 05/29/2012 - 10:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment StychoKiller
StychoKiller's picture

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

Tue, 05/29/2012 - 10:45 | Link to Comment 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

LMAO

GAME OVER

Tue, 05/29/2012 - 10:52 | Link to Comment 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 | Link to Comment Rick Blaine
Rick Blaine's picture

Nice.

Tue, 05/29/2012 - 10:18 | Link to Comment CreativeDestructor
CreativeDestructor's picture

It zucks.

Tue, 05/29/2012 - 10:10 | Link to Comment ShortTheUS
ShortTheUS's picture

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

 

BITCHEZ!!!

Tue, 05/29/2012 - 10:12 | Link to Comment Capitalist
Capitalist's picture

Looks like the zombies have found a new face to eat.

Tue, 05/29/2012 - 10:15 | Link to Comment t_kAyk
t_kAyk's picture

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

Tue, 05/29/2012 - 10:22 | Link to Comment 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 | Link to Comment fuu
fuu's picture

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

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

Facepalm

Tue, 05/29/2012 - 10:14 | Link to Comment slaughterer
slaughterer's picture

FaceFucked

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

Faceplant

Tue, 05/29/2012 - 10:26 | Link to Comment 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 | Link to Comment 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 | Link to Comment williambanzai7
williambanzai7's picture

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

Tue, 05/29/2012 - 10:17 | Link to Comment rosiescenario
rosiescenario's picture

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

Tue, 05/29/2012 - 10:15 | Link to Comment CvlDobd
CvlDobd's picture

But we got an ES stick save! That'll move the chains!

Tue, 05/29/2012 - 10:36 | Link to Comment fuu
fuu's picture

<golf clap>

Tue, 05/29/2012 - 10:40 | Link to Comment CvlDobd
CvlDobd's picture

My next St. Louis Cardinals jersey is going to have Bernanke on the back and the number 16,000,000,000,000

Tue, 05/29/2012 - 10:58 | Link to Comment fuu
fuu's picture

That's giving him the old 1-2 punch.

Tue, 05/29/2012 - 10:15 | Link to Comment Troncom
Troncom's picture

Kermit, Miss Piggy, Fozzi bear, and Animal are not happy chappys

Tue, 05/29/2012 - 10:16 | Link to Comment Barometer
Barometer's picture

Dear Mr Market Maker, Can I get a quote on a 2 dollar Dec 2012 put please

Tue, 05/29/2012 - 10:17 | Link to Comment fireangelmaverick
fireangelmaverick's picture

Yes u can get a quote. $1.99 Bid 2.01 ask. Knock yourself out.

Tue, 05/29/2012 - 10:28 | Link to Comment Barometer
Barometer's picture

Touché !!

Tue, 05/29/2012 - 10:15 | Link to Comment rosiescenario
rosiescenario's picture

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-...

Tue, 05/29/2012 - 10:32 | Link to Comment Ethics Gradient
Ethics Gradient's picture

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?

Tue, 05/29/2012 - 10:37 | Link to Comment fuu
fuu's picture

Ask Max.

Tue, 05/29/2012 - 10:38 | Link to Comment rosiescenario
rosiescenario's picture

.....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.

Tue, 05/29/2012 - 11:02 | Link to Comment Clycntct
Clycntct's picture

Draper Utah.

Nice new buuilding just for your enjoyment.

Tue, 05/29/2012 - 23:23 | Link to Comment StychoKiller
StychoKiller's picture

Here, catch this hand grenade BEFORE you bomb! :>D

ANFO FTW!

Tue, 05/29/2012 - 10:16 | Link to Comment Agent P
Agent P's picture

I can't wait to see a $29 handle on this turd.

Tue, 05/29/2012 - 10:22 | Link to Comment slaughterer
slaughterer's picture

You just have to wait ... hmm ...  a few more minutes for that $29 handle to happen. 

Tue, 05/29/2012 - 11:06 | Link to Comment WonderDawg
WonderDawg's picture

Hahaha, I bought June $29 puts a little while ago. Cheap, in my opinion, at $1.15.

Tue, 05/29/2012 - 10:17 | Link to Comment midgetrannyporn
midgetrannyporn's picture

Still wildly overpriced imo.

Tue, 05/29/2012 - 10:17 | Link to Comment pepperspray
pepperspray's picture

Whipum agin!!

Tue, 05/29/2012 - 10:23 | Link to Comment slackrabbit
slackrabbit's picture

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

 

Tue, 05/29/2012 - 10:29 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

Yo, Rabbit.......you can fuckin curse on here. No one will stop you.

Tue, 05/29/2012 - 10:20 | Link to Comment JmanSilver.Gold
JmanSilver.Gold's picture

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.

Tue, 05/29/2012 - 10:20 | Link to Comment lakecity55
lakecity55's picture

Half the accounts are old or fake!

Tue, 05/29/2012 - 10:21 | Link to Comment tim73
tim73's picture

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...

Tue, 05/29/2012 - 10:21 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

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. 

 

Tue, 05/29/2012 - 10:28 | Link to Comment slackrabbit
slackrabbit's picture

actually after listening to Turd Fergusons interview - maybe it really was the first   IPO IBO - Initial Bailout Offering 

Tue, 05/29/2012 - 10:25 | Link to Comment JmanSilver.Gold
JmanSilver.Gold's picture

so far, FRAUDBOOK is holding the $30 handle.

Tue, 05/29/2012 - 10:50 | Link to Comment TrainWreck1
TrainWreck1's picture

It is being defended at 30.00 by the underwriters.

They are going to get taken to the cleaners. AGAIN!!!

Tue, 05/29/2012 - 10:25 | Link to Comment tim73
tim73's picture

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! :----------)

Tue, 05/29/2012 - 10:25 | Link to Comment Monedas
Monedas's picture

Ass Book !

Tue, 05/29/2012 - 10:28 | Link to Comment El Viejo
El Viejo's picture

FeceBook

Tue, 05/29/2012 - 10:26 | Link to Comment SheepHerder
SheepHerder's picture

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.

Tue, 05/29/2012 - 10:40 | Link to Comment BlueCollaredOne
BlueCollaredOne's picture

Doubt it.

Facebook sued for 15 billion over privacy concerns.  I think it was settled out of court, but I could be wrong. 

Tue, 05/29/2012 - 10:31 | Link to Comment tim73
tim73's picture

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.

Tue, 05/29/2012 - 10:32 | Link to Comment walküre
walküre's picture

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.

Tue, 05/29/2012 - 10:37 | Link to Comment slaughterer
slaughterer's picture

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."

 

Tue, 05/29/2012 - 10:37 | Link to Comment BillVille
BillVille's picture

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.

Tue, 05/29/2012 - 10:48 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

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.

Tue, 05/29/2012 - 11:47 | Link to Comment TWSceptic
TWSceptic's picture

Agreed. Bad valuation is the problem. I blame a greedy CEO.

Tue, 05/29/2012 - 10:43 | Link to Comment SDS Trader
SDS Trader's picture

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.

Tue, 05/29/2012 - 10:43 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

It's a buy at $12

Tue, 05/29/2012 - 10:44 | Link to Comment dark pools of soros
dark pools of soros's picture

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

Tue, 05/29/2012 - 10:50 | Link to Comment slaughterer
slaughterer's picture

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."

Tue, 05/29/2012 - 10:50 | Link to Comment firstdivision
firstdivision's picture

For shits and giggles, I'm going to buy some July Calls.

Tue, 05/29/2012 - 10:58 | Link to Comment Satan
Satan's picture

" scumbags shorting FB should be shot for treason. It's anti American"

- overheard in a restaurant.

Tue, 05/29/2012 - 10:59 | Link to Comment Grinder74
Grinder74's picture

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.

Tue, 05/29/2012 - 11:00 | Link to Comment slaughterer
slaughterer's picture

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." 

Tue, 05/29/2012 - 11:10 | Link to Comment slackrabbit
slackrabbit's picture

There's one born every minute, and Zuckers an hours worth!!!

 

 

Slack's totally useless sayings no:2037 (c) 2012

Tue, 05/29/2012 - 11:46 | Link to Comment slackrabbit
slackrabbit's picture

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

 

Tue, 05/29/2012 - 11:09 | Link to Comment BeetleBailey
BeetleBailey's picture

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!

Tue, 05/29/2012 - 11:14 | Link to Comment slackrabbit
slackrabbit's picture

 

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)

Tue, 05/29/2012 - 11:14 | Link to Comment bigwavedave
bigwavedave's picture

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)

Tue, 05/29/2012 - 11:25 | Link to Comment slackrabbit
slackrabbit's picture

They should go with Mosaic...actually um wait

http://en.wikipedia.org/wiki/Mosaic_(web_browser) - all the goodness that 1993 could offer 

Tue, 05/29/2012 - 11:29 | Link to Comment rucunus
rucunus's picture

I guess Barry (of the Choomwagon) would say : total absorption !

Tue, 05/29/2012 - 11:30 | Link to Comment Downtoolong
Downtoolong's picture

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.

 

 

Tue, 05/29/2012 - 11:41 | Link to Comment UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

"LIKE it or DISLIKE it," I see $29 something by high noon LOL. 

Tue, 05/29/2012 - 11:36 | Link to Comment ThisIsBob
ThisIsBob's picture

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..."

Tue, 05/29/2012 - 11:58 | Link to Comment slackrabbit
slackrabbit's picture

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

Tue, 05/29/2012 - 11:36 | Link to Comment spine001
spine001's picture

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

Tue, 05/29/2012 - 12:11 | Link to Comment slackrabbit
slackrabbit's picture

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

Tue, 05/29/2012 - 11:41 | Link to Comment Ljoot
Tue, 05/29/2012 - 12:00 | Link to Comment Tim Knight from...
Tim Knight from Slope of Hope's picture

Facebook price heading backwards. First in 40s, then 30s, then 20s. MOVIE PITCH: The Curious Case of Benjamin 'Like' Button.

Tue, 05/29/2012 - 12:01 | Link to Comment UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

Told ya / by high noon twas

Tue, 05/29/2012 - 12:18 | Link to Comment TrainWreck1
Tue, 05/29/2012 - 12:06 | Link to Comment TrainWreck1
TrainWreck1's picture

Bye bye $30

 


Facebook, Inc. (FB)

29.79 2.12(6.64%) 12:00PM EDT - Nasdaq Real Time Price

Tue, 05/29/2012 - 12:08 | Link to Comment George Orwell
George Orwell's picture

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.

 

 

Thu, 09/27/2012 - 02:51 | Link to Comment oakley88
oakley88's picture

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