Fadebook Opens For Trading At $42.05 As Europe Closes

From the $38 IPO price, we open at $42.05 (now at $40.1) but we note that in Germany it has tumbled from well over EUR90 earlier. We get the sense the media is disappointed, but of course they will be talking longer-term now and defending a weaker-than-expected open: CNBC: "I just want to make sure we don't whip ourselves into a frenzy on the short term value." - perhaps a little late for that eh?

and 5 mins later...defending $40 like crazy...

close-up - shows the algo-defense...

$38 Handle...

Germany's pre-US-open pricing...

Comments

[BorisSDT]

Facebook is the worst investment of the century.  I can't wait to buy puts.  Full analysis: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-billion-or-anything-close-to-it/

[AlaricBalth]

41.50...41.00...40.62

[nope-1004]

I'm waiting for JPM's 3X Facebook ETF - bullish.

[ihedgemyhedges]

The short side, right?????????????

[MillionDollarBonus_]

This has been an exciting morning for young, trendy and upcoming investors. It's just too bad that doomer libertarians had to kill the buzz. Libertarians are just lame. Like a cynical old man who calls the police on a house party for being too loud, libertarians always have to spoil the fun.

[Temporis]

Looks like you will be telling your grandkids that the only thing you will be leaving them is debt.

[nope-1004]

Reality sucks MDB.  Benocide gets depressed from it too.  You're not alone in your delusion.

 HERE comes the waterfall.... $39.17 and falling.

[AlaricBalth]

39.14...

Couldn't hold 40.

38.74...

Couldn't hold 39 either.

[nope-1004]

Won't hold 38....... $38.01

[SpeakerFTD]

What a shitshow.

[redpill]

And now Zynga stock is halted. Now awaiting their new release, the sequel to Words with Friends that will be called Day Trading with Enemies. Get it in the app store today!

[DeadFred]

Check out the bid/ask sizes at 38.00 38.01. Unreal. I wonder what happens if that wall is breached?

[Don Smith]

Aaannndddd.... SCENE.  FB now even on the day.  Oh, wait a minute...

[clones2]

Get the CIRCUIT BREAKERS ready!!!!  Down over 10% in 20 minutes

[Dr. Richard Head]

At least they are advertising the symbol appropriatly as

Facebook Inc. Cl A

http://www.marketwatch.com/investing/stock/FB

I assume that is Facebook Inc. C.I.A?  Haaa

[AlaricBalth]

Fighting to hold 38. MS and GS trading floors frantic.

[Hedgetard55]

Agreed. Bunch of old geezers looking to rain on the younger generations parade by selling what they should be buying.

[nope-1004]

lol

[tocointhephrase]

CME Group are fucking lame dude, lets point the finger in the right direction!

[AlaricBalth]

MDB. Did you forget to take your librium today?

[crawldaddy]

more like wise grandparents telling their grandkids, " you know that yellow snow isnt what you think it is, and if you eat it, you arent going to like it"

[Whoa Dammit]

In real life, MDB heads up investments for CALPERS.      ;-).

[malikai]

7/10 Much better. Keep it up.

[junkyardjack]

Looks like Facebook is about to go BATS....

http://www.youtube.com/watch?v=zgzGlBlYo-w

[Ruffcut]

Orders are not being filled

What a clusterfuck

[Spitzer]

Its  DisgraceBook for a reason

[Zymurguy]

MDB, you' couldn't be more wrong about Libertarians.

[SILVERGEDDON]

MDB, I hope you waded into the deep end of the Face Plant drowning pool with all your powder on the line to back your eloquent emotional support for the cock Zuckerburgs of the world. Paper, meet fire, the new player in Rock Paper Scissors.  ROFLMFAOL !!!!!

[Yikes]

$40.07....40.05

[sushi]

40.06

Everybody hitting the unlike button

[EscapeKey]

They removed the "unlike" button, just as the "sell" button will be removed any day now from your online broker.

[Dr. Richard Head]

Some terminals are only allowing two options - Buy and Buy More. 

Fuck, I think I will drink my lunch.

[EscapeKey]

See you down the pub!

[ihedgemyhedges]

Algo fail: $39.01

[jus_lite_reading]

Happy ponzi Farcebook suckers!!

Farcebook would like to thank the suckers who bought the snake oil hype at $45... you made a bunch of people rich. Thank you for your contribution!

LMAO!!

Anyone still wanna play the ponzi stock market?? Nope, I didn't think so!!

GAME OVER

[RmcAZ]

FB technical chart analysis shows the flaccid penis formation

[Freddie]

I love Facebook and you haters can go to hell!

[Freddie]

I was only joking you arseh*les.  Come on an junk me!

Looks like The Ben Bernank and the JP Morgue with the vampire squid are trying to hold $40.

[IMA5U]

wall street puts a big LIKE on facebook fade

[thomas pain]

.....and it's gone

[RmcAZ]

Facebuck

[monkeyboy]

Fadebuck

[WhyDoesItHurtWh...]

  Facehook

[Spitzer]

DisgraceBook

[Magnix]

Facedown

[Best Satan in Town]

Phasebook, it's just a phase.

[Trimmed Hedge]

Where's the effin' pop?!?

[Long-John-Silver]

That POP you hear is not from expansion, it's from implosion.  

[LarryDavis]

This one ain't makin' it. You can bet the fucking farm.

[dark pools of soros]

You can gamble now in Farmville??  Bullish!!

[Benedict Farse]

FarceBook

[tocointhephrase]

Total! Keep ramping it CNBC you scum bags!

[Pitchman]

I have a couple more investments for our Tapeworm Economy.

 
World's Prison Capital is Also #1 in For-Profit Prisons

WAR PIGS: Carlyle Group's Lopsided IPO That No One Cares About

The Carlyle Rot - Another Thumbs Down For The IPO

Both the Facebook and Carlyle Groups IPO’s were totally tilted in the issuers favor.  They are indicative of the times (the house always wins) and a pending top.

When the public demands the bag, It’s not a bad idea to give it to them.

For an inside look at how the Tapeworm economy works see: The Looting of America: Happy Labor Day

[Dr. Engali]

There is going to be a lot of disappointed share holders. Maybe the Fed needs to offer a little support.

[Taterboy]

Tonight's Facebook posts:

"Bought at $45"

"Sold at $38"

"Wife left me"

"Changed Facebook profile to "separated-divorce pending"

[bdc63]

what's that big thud I just heard?

[SilverIsKing]

FacePlant

[tocointhephrase]

ZNGA JUST GOT FACEFUKed

[RopeADope]

Funny how those damn industry ETFs change market dynamics. Need to rotate money out of small market cap stocks to buy mammoth market cap stock.

[digalert]

Attention FB bagholders: sell sell sell

[l1b3rty]

Anything supported and backed by the Central Intelligence and Military Industrial Complex is gonna get a stir about it! We all can know, of course, that the United States bought the former director of the Stasi out of East Germany so that he might help Zuckerberg in his Military Information Complex seeking full spectrum dominance.  I'd rather be hiding silver bullion than being out in the open with facebook.

http://silvervigilante.com

[RaymondKHessel]

I just unliked CNBS

[Normalcy Bias]

Look out below!

[Pairadimes]

Facepalm.

[Debtless]

Looks like I might get in at my stinkbid of $4.

[stant]

slap your facebook

[Cursive]

FACEPALM

[rodocostarica]

fadebook appears to be a good name Tyler. You down a bit MDB. But don't worry all the young investors will be piling in soon.

[LawsofPhysics]

Are these the same "young investors" that are out of work and carrying 1 trillion in student loan debt?

[ghostzapper]

but, but, but that genius Simon Hobbs was expecting FB to revive the entire equity market.  how can this be?

[q99x2]

Didn't the FED give GS any money to chum the waters. Or did they already run through it.

[RaymondKHessel]

FB = GM

[crawldaddy]

Gm actually made a product, a useful one for much of a century.

[Diet Coke and F...]

Yep, that's why I junked him. :)

[ceilidh_trail]

Anyone know when puts come available? Serious question...

[Clueless Economist]

Week from next Tuesday

[ceilidh_trail]

THX

[Matt]

May 29, 2012.

[Freddie]

Anyone know when puts come available? Serious question...

In the Year 2525.......

[BeetleBailey]

MDB...already in the red.....but he likes that color...matches his suit

[junkyardjack]

LNKD just went on sale...

[dark pools of soros]

yup - that last bag has been sold --  perfect timing for the sell in May and go away excuse

[ghostzapper]

where did Timmah order Sack to place his limit buy order?  39?  must keep FB green for day . . . .

[Ineverslice]

Lick?

[Dr. Engali]

Of course now CNBC will crow about how "they got the pricing just about right and didn't leave any money on the table". Can we just come out and call it what it is....a flop?

[kridkrid]

exactly what they just said... "strong underwriting got the price right".  spot on.

[Frastric]

For all you obsessed with Facebook's share price, here's a link to follow it EVERY second

http://www.marketwatch.com/investing/stock/FB

If I had money I would waste it all on shorting Facebook...

[tekhneek]

"No option chain for FB"

:(

[junkyardjack]

I'm buying some now. I'm not greedy though, I'll sell out around $50...

[Long-John-Silver]

You'll be lucky to get out at $5.

[Negro Primero]

@finansakrobat

"The Whale is short Facebook."

[CvlDobd]

Please trade like GRPN's IPO! Please trade like GRPN's IPO!

[Debtless]

Paging Brian Sack. Paging Brian Sack.

[LouisDega]

Fuck that, We need Sir lawrence Wildman. Look what he did for Teldar. The man will gladly eat your lunch for ya

[Timmay]

When the U.S. can't even sell HYPE anymore, it's all over.

[BLACK_DOG]

"Like"

your comment!

[Normalcy Bias]

Considering that B.S. is our largest industry, Houston, we have a problem...

[LULZBank]

EASY Fellas! Easy there.

Dont panic, there's enough Facebook to go around for everyone.

[LawsofPhysics]

If only APPL were valued like facefuck.

[NetDamage]

Is Facebook being priced for it´s  face value or book value?

[Oh regional Indian]

^^^^ Hall of fame nomination.

Well done Net Damage! :-)

ori

[fuu]

Entire market just hit a wall.

[Taterboy]

I know!!! Buy the dips!

[Silverhog]

North Korean rocket launch was more exciting.

[LFMayor]

probably cost a hell of lot less, too

[Debtless]

Listen to the CNBCers fiddle for spin.

[Zero Govt]

Jim Cramer is hiding under a table after his Pump & Dump display

..and no not just to look up Beccy Quicks skirt

[Winston Churchill]

The Underwriters and book runners are presently busy

changing underwear.

[q99x2]

Back to USGS to wait for the next earthquake to appear.

[shoemouse]

Faceplant is trading!

[the not so migh...]

Farcebook

[El Oregonian]

CHASEBOOK...

[Yikes]

Markets didn't like this much.

[sgjohnlaw]

Is FB dual-listed in Germany? And in EUR? Can anyone help? Can I buy others like IBM during EU hours?

[truont]

Algo Gandalf says...

http://www.youtube.com/watch?v=V4UfAL9f74I

[JLee2027]

I see the wiseguy's plan to run it to 60 has flopped. Lucky to stay above 38.

[acediac]

When is Goldman going to unleash the muppenator?

So do these banker$ earn $200 million in "fees" regardless of how the stock price does relative to the book build price?

[Doubleguns]

Listen closely and you will hear Gov Brown crying from Kalifornication.

[guinea]

below $38 at close? 

[junkyardjack]

Looks like $40 is the bottom....

[guinea]

So much for that bottom.  Bottoms up!

[bdc63]

my magic 8 ball says "it is decidedly so"

[bdc63]

I just saw a 3 handle print ... oh, and the dissappointment in the voices of the talking heads on CNBC ...

[Dr. Engali]

The new story will be ...FaceBook Made a Strong Debute in a Bad Market.

[vainamoinen]

this is gonna be EPIC!!!

[dwdollar]

I can't stop watching this shit. Too funny...

[Debtless]

Zynga shares dove and were halted. I can only hope the dumb money smartened up to this farce.

[bdc63]

Yeah, whose the fucking dumb money now ...

[Zero Govt]

MDB ?

[ebworthen]

Znynga shares halted?

Lowest level in 52 weeks?

Say it ain't so!  Angry Birds!  Farmville!

Time to plant some potatoes and cabbage!

[kridkrid]

whoa... don't bring Angry Birds into this.

[catacl1sm]

You have to actually pay for Angrybirds stuff. I know, my daughter loves that shit I've bought everything from AB birthday cake and shit to stuffed AB toys.

[jonan]

lol, our office did a pool to bet on the close, when i said $36 they looked at me like i had ten heads, price is right rules...which means i wins since the lowest highest bet was $92.

[bdc63]

$92?!  are you fucking kidding me?

[jonan]

that was pretty much the reply when i said $36, i mentioned groupon, but the reply was, "facebook is different"

[Normalcy Bias]

They sound like Obama voters...

[jonan]

crap, now they are saying if it goes below $36 everyone gets their money back...

[ebworthen]

Hmmm...sound like Obama supporters to me...

[ebworthen]

jonan,

Do you work at Apple?

[jonan]

nah, just a lowly operations person at a company that sells insurance...

[azzhatter]

Just the senseless nonsense makes me want to puke. Fucking CNBC is wetting themselves. Wearing hoodies and shit. Fucking incredible. Can't wait til the burial day of FacePalm.

[kahunabear]

What happened to the 10 times oversubscribed b.s.?

[bdc63]

turns out that nobody really wanted the full allocation of what was offerred to them ... go figure ...

[LULZBank]

Now now, dont be asking smart stupid questions.

Watch this baby, soon spread and flap its wings and fly away like AAPL and GRPN ... straight up to the constellations ... to fulfill its destiny...

Please bid Facebook ... if only for the sake of helping that zit popping sucker getting laid.

[Doubleguns]

Thats the puts.

[I am a Man I am...]

Wow!!  Retail is wising the fuck up aren't they!?!?!  People like money, who would've figured.

[John McCloy]

Close below the IPO price would certainly make my day. You know there is something fundamentally wrong with our financial system when our Fed Chairman is undoubtedly glued to the monitors watching the FB ticker in the hopes that it will save the economy. No better example of what is America has devolved into..an services sector economy reliant upon fraud, propaganda, fooling the public..

[Village Smithy]

Agreed, but the day is long.

[crawldaddy]

exactly, it would be one thing if this was say a new pharma that just released the cure for cancer,  but this is just a goofy website people post pictures of their fat kids playing soccer.

[insanelysane]

Sold some Farmville livestock last night so I could afford to buy some shares.