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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...
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quick, hey intern, hurry up and get Zandi, Liesman, Abby Joseph Cohen, and Liz Ann Saunders all prepared. we'll do that thingy where we put four boxes on the screen and wave our pom poms talking about how great everything is.
It will be difficult for FB to outperform the NASDAQ100 - which is currently bearish.
http://bullandbearmash.com/index/nasdaq/daily/
going down......under 40.....down down down....LOL
The rest of the market took up dump when FB opened. I imagine the algos had to start dumping other stuff to have cash on hand to prop up FB.
Goodbye 40...hello below...
Zynga is getting creamed and LinkedIn is getting wiped out too.
CNBC folks are suddenly quite subdued.
The grim reaper wears a black hoodie.
Oh boy, can it hang on to 39?
My last HELOC bought FB at $42. Now what?
Sub-$39...that's what happens when everyone invoved hypes the stock while trying to edge toward the door unseen at the same time...
In all the action, Etrade is down.
Just lost 39.
Is it priced in Zynga bucks?
and E*TRADE goes DOWN (site)
My acct is working.
http://www.isup.me/etrade.com
https://p.twimg.com/AtMG-9RCMAEqvNN.jpg:large
reminds me of this scene
http://www.therundown.tv/videos/misc-videos/south-park-and-its-gone-scene/
How much will Goldman Sucks make off this? After all, it's not about their clients, eh?
My erection is back.
Like getting a FACESAT from Barney Frank.
stateside
I just barfed on my Thom Mcan loafers
37, do I hear 37. Give me 37. 37 anyone.
Oh my! Can it hang on to 38?
ZNGA is looking good. Sega and Nintendo couldn't avoid bankrupcy making games that they actually charged money for..........Could you imagine a company that makes free games for a social networking site is worth 6 Billion dollars? Is that sensible? This reminds of those e trade commercials "you have a site on the world wide web?" Why are people such fucking clowns? Why can't people understand they are getting hustled? I'm pioneering a new investment strategy based purely on exploitation. Can we bottle tap water and charge two bucks? I think the next move is taking regular atmospheric oxygen and selling it. What can we charge people for that they already have? Shoe rental website? A service to pay someone else to fuck your girl while you feed the guy some nice grass fed steak?
Fuck your girlfriend so that you can play video games. better.
Gold and silver up, Wastebook down.
It couldn't happen to a nicer bunch.
AND IT'S GONE!!!
http://www.therundown.tv/videos/misc-videos/south-park-and-its-gone-scene/
Great now the banks are losing more taxpayer money.
FB trading to be halted in 3,2,1... LOLS everything else being sold to hold up FB at 38.
flush this turd please !
LOL.. I guess the algos could see that on the web, alot of facebook hate exist. Imagine that.
HA ! We can get it cheaper than all the connected and corrupt criminals in Congress paid
Falling faster than Bill Clinton headed after an intern!!!
The Bid volumes at 38 are freaking huge.
1 penny above the IPO price.
Must not go red...
this fucking Kaminsky on CNBC is desperate for positive spin. You know these guys have all soiled themselves
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH PISSING MY PANTS.. HAHAHAHAHAHAHAHAH 38.00 TRADES .. LISTEN TO THESE CNUTS ON CNBC... THEY ALL LOKK LIKE THEY HAVE SEEN A GHOST.. HAHAHA
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH PISSING MY PANTS.. HAHAHAHAHAHAHAHAH 38.00 TRADES .. LISTEN TO THESE CNUTS ON CNBC... THEY ALL LOKK LIKE THEY HAVE SEEN A GHOST.. HAHAHA
APPL going red soon too.
Robot army now trying to defend 38...that too shall fall.
Back down to $38 already. I will so piss my pants with glee if FB closes red today.
I love the smell of failure in the afternoon.
How do you know it is algos, and not just tons of retail with orders set to buy at $40 and $38?
Faceboink...
The commentary on CNBC is hilarious! Constantly defending the price, they are baffled right now.
below $36 at close?
Yahooooo
MDB's busy calling his broker and trying to prop up FB....20 shares at a time.....as he argues for more allowance from his Mom.....
Struggling now........trying to hold onto 38.........come on MDB.....get out that lunch money.....pop bottle money.....
10,032,938 people LIKE losing money.
They will defend that $38 -- for now....
And it's going to be a looooooonnnnnggg day.
FP. Faceplant
HAAAAAAHAHAHAHAHAHAHAHAAA
AAHAHAHAHAHAHAHAHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
HHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
HAAAAAAAAAAAAAAAAAAAAA!
Best Day Ever
And I usually don't rejoice in the failings of others, but after hearing all the HYPE for the last 2 months...
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!
Note to Saverin: don't sell all $3 billion worth of shares on open, it tends to scare the muppets.
Underwriters making their stand at 38. Will defend it by all means.
When you worked hard all your life to keep things together. It's fun to see shit happen now and then.
here here and get used to it we're warming up
While everybody is busy watching Facebook the TPTB are busy too........Fighter Jets over Chicago:
http://tinyurl.com/88ev2f8
The only thing that could have been better about that open was if the CNBS commentators had oxygen masks strapped to their faces...
Wow - someone was looking out for me today. Fidelity offered some shares of the IPO. I passed on the opportunity but I did just receive an canned email saying that shares purchased through Fidelity are not tradeable for 15 days.... June 4th.
"Issuer: Facebook, Inc.
Offering: Facebook, Inc. Common Stock IPO
The Facebook, Inc. initial public offering has priced at $38.00 and shares have been allocated. Please check Fidelity.com to see if you received an allocation of shares in this offering. Receiving this message does not confirm you were allocated shares of the offering.
Shares allocated as part of an IPO through Fidelity Investments are subject to a 15 calendar day holding period. You are free to sell shares allocated to you at anytime, however the first day you can sell shares without violating our “flipping” policy is Monday June 4, 2012.
Fidelity Brokerage Services LLC Member NYSE SIPC."
Hmm. Fifteeen days could be a lifetime in this trade...
its just the T+15 settlement nothing to see here. I guess they're worried about punters flipping it when Fido has already re-hypothecated FB at a mark to unicorn price of $50.00 per share 5x over.
Hmm... so what you're saying is, the perfect time to short FB is on June 1st?
Bernanke better step up start buying some this pos...long-term holding no mtm required.
Bounce from $38.02 to $38.40. Is Brian Sack buying FB??
Can't have the most over-hyped IPO in HISTORY go red now, can we?
How's that champagne tasting fuckdicks?
maybe the easiest short term flip in a long long while when fb hit and bounced off 38. no way they are letting it go under that already.
Ah sold all mah gold to bah Facebook.
I'ma be rich!
FaceFooked is a spectacular suck-cess (pool)!
Sweet Schadenfreude. I'll enjoy it while it lasts... until they ramp it into the close.
Debtless, that is funny.... :) Farcebook FTW.
Did anyone really think that this would turn out any other way?
$39.69 as I type...
they willl keep it artificially above 38 today. Next week they will all try to quiely scramble for the door.
Y'all just missed $2 a share
Including me
Oh, well...
Finally something that shows there is still value in the dollar!!!
Who is going to be the Greater Fool to buy this turd above the IPO going forward? When the mad rush ends today, those sitting on worthless FB paper will try and flip at some point. The whole point to this madness is to make some money quick. Of course there's massive bidding at $38 because that is where today's Greatest Fools have been told to buy this turd.
The pump don't work, cause the vandals took the handle.
ROFLMAO!! Facebook just added a new relationship status button called "bagholder". Investors are clicking on it in droves!
This is the most fun you can have with your clothes still on without getting arrested! This is hilarious!
thanks for this gem of friday afternoon humor, Yahoo.
So the Europeons were going to bang the Bid and Zuki decided to begin trading after the Europeons closed.