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FailBerg Keeps On Sinking
In keeping with our long history of noting every handle change in Failbook, we just passed into the $25 range (heavy volume came throuygh as we touched $25.88). With a post-IPO VWAP at $34.85, that's a 25% drop from the average trade alone and volume remains active (over 30mm shares today). Calls are slightly ahead of Puts today but Open Interest remains biased to 6:5 in favor of Puts.
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FailBerg melts away. Wake me when they figure out how to make real money.
FB is a .gov collaberative, so it need not make any money.
OT: hoard pre 1982 pennies. and nickels..
http://www.coinflation.com/
Over $27 Billion in market cap "vaporized" in less than 3 weeks. These guys make Corzine look like an amateur.
Heard about their new plan? A Spiderman hoodie, free, with every new FB account!
Guys, I need help. I've lost all mine and my mother's savings buying FB shares at $38. Please let me know what to say to my mom. We were supposed to become part of the 1% with the winnings from FB. I don't know what I'm going to tell her. She has a heart condition and now I can't even buy her medicine.
Should I take a job at McDonalds or KFC?
Yes get jobs at both McDs and KFC and feed your mom all the free food you can get your hands on.. she won't need medicine anymore
FAKEBOOK, much like the personal bios of most it is a Harvard inspired and historic fail.
My advice is to send her to rob her local bank. If she is successful, well, you'll have plenty of cash and if she fails, at least she'll get free medical in jail and you can rent out her room...
"Should I take a job at McDonalds or KFC? "
Hell no. With those stellar qualifications you could be President or at a minimum a Central Banker.
So MDB... You doublin' down here or do you need to consult with Cramer first?
Work at KFC for free food. Feed mom as much greasy chicken as you can fit in your pockets until she croaks, so she don't beat hell out of you with her cane.
Not sure what to say, but this is a Face only a mother could love.
So, which occurs first? FB in the teens or Zuckerberg actually leaving a tip?
FB will converge to the amount Zuckerberg tips ...
Actually they're going to distribute the instruction on how to perform this absolutely free as a courtesy to shareholders so they can use it on eachother at the next shareholder meeting, if there is anyone left that is...
The Spiderman:
http://www.urbandictionary.com/define.php?term=spider%20man
$27B? Isnt it more like $45B?
Zuckerberg on FB users...
ZUCK: yea so if you ever need info about anyone at harvard
ZUCK: just ask
ZUCK: i have over 4000 emails, pictures, addresses, sns
FRIEND: what!? how’d you manage that one?
ZUCK: people just submitted it
ZUCK: i don’t know why
ZUCK: they “trust me”
ZUCK: dumb fucks
http://articles.businessinsider.com/2010-09-13/tech/30033368_1_ims-mark-zuckerberg-facebook-ceo
It made all the money it's gonna make at the IPO. Let's see if the lawyers can help them keep it.
IPO, duh.
Is anyone going to play any music on this damn suckerberg?
If the Titanic was a stock it would be Facebook
flushboat?
If obama had a social network site, it would look like FB
Best line of the day.
When it hits single digits I'll pick some up for the dead cat bounce.
The heavy volume was Robotrader buying the dip...
Where has he been?
You know he was proudly executed at $41
$19 by mid-month?
Doesn't FB make Thingamajigs?
BTFD!!!!!
sarcasm, right?
What do you mean? Facebook has more potential than you can ever think of.
Wait, till Facebook captures the emerging markets, like:
Facebook may soon allow children younger than 13 years old to access the site under parental supervision, reports say.
http://www.bbc.com/news/technology-18321553
just think of all the virtual ponies they'll buy!
Facebook may soon allow children younger than 13 years old to access the site under parental supervision, reports say.
Going toe-to-toe with PedophileBook...?
Welcome to the internet, where men are men, women are men and 12 year olds are FBI agents.
You mean twitter?
http://rt.com/usa/news/anonymous-pedophiles-twittedpedoring-group-994/
Anonymous launches attack on child predators.
David’s Twitter profile is simple, and probably should be. After all, he is only in junior high.
“I’m 14 year [sic] old” is how he describes himself in his online bio. On his timeline, David tweets what you might expect: praise for professional wrestling, Family Guy excerpts and 140-character reviews of his afternoon pick-up games. Every now and again, however, David’s profile in punctuated by messages penned by elusive perverts stalking cyberspace for young boys just like him.
In an August 19 tweet, David writes, “Only one thing can control me and that’s you.” Angela, another young teen with a love for singer Mandy Moore and vlogging, is the only person that retweets David’s message, accompanied by an emoticon. Somewhere on the Web, though, a man nearly four times his senior sees David’s love tweet and offers an unprovoked response.
“I wld luv that,” writes John from Ohio. His Twitter profile is much more simple and to the point.
“52 yr gay love boys” is John self-description. For pages and pages, any user of Twitter can comb through his often one-sided correspondence with unsuspecting minors.
“I like the braces,” John tweets 9-year-old rap artist and Internet personality Matty B. last week, “but u probaly been weearing them awhile.” That same day, John sends a 13-year-old Twitter users named Pat, “can we talk?”
John — who uses the Twitter handle “@jjrjr_”— is an outlier, of course, among one of the world’s most celebrated social media sites that claims to have around 140 million registered users. That isn’t to say he’s alone, though. On Twitter, Facebook and elsewhere on the Web, grown men are patrolling for pre-teens and young boys and girls and are sending them sexually suggestive messages over the Internet.
That could all end soon, but not necessarily under the watch of the FBI or any local law enforcement agency. This week the profiles of John and dozens of other child predators were released to the Web by the same group that the government has linked to acts of terrorism.
The trove of Twitter accounts was leaked to the Web on Monday by the hacktivist collective Anonymous, and the group is looking to prove that they aren’t necessarily a club that’s hell bent on causing chaos without an agenda.
“This is a list of pedophiles that Twitter hasn't deemed important to remove despite their affiliations with each other, their posts of children participating in lewd acts, and their requests for this sort of material. We are releasing these names in hopes that Twitter will work together with LEA in order to catch and stop these scumbags,” an operative with the loose-knit hacktivist collective explains in a preface to the collective of user names. “You mess with our children, you mess with us.”
How about an audit of the 900 million non-dead, non-duplicated (triplicated) "members" ?
we can instantly subtract 50 to 100 million household pets that have fb pages. unless every fb account gets chase debit card
Which 13 year old in history ever wanted to join the club their Mom and Dad belong to?
Yeah, like 13 year olds (and younger) aren't already on Facebook. Many of the current FB accounts are really kids who have used their parents birthdate to sign up. How would FB have any way of knowing you are 13 or 30?
If you've ever seen what preteen girls write to each other on FB, you'd blush (or ground her for life, if she were your own). It's downright disgusting!!
facebrick
Not to drop a facebomb on FarceBook but a lot of people not caught up in the hype are saying this turd has less than 6 years to live as a company. Not a single model they have is viable...
I might have to adjust my 'Strong Buy' at $1.70 to something like 'Strong Sell' at $1.70...
Hey, I always knew FarceBook would be the final straw... let's see how many IPO's are issued henchforth
http://www.cnbc.com/id/47674474
FB awaits QE ?
@jus_lite_reading
Shame on you for not swallowing the hype. Hype is real, people! Hype is our destiny! Get with the hype!
Live the hype! Be the hype! Type the hype!
http://finance.yahoo.com/blogs/breakout/investors-better-off-now-five-years-ago-182225874.html;_ylt=A0PD2KV2Wc5PkTsAdgaiuYdG;_ylu=X3oDMTQzY2ozM2NuBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNkZjUwMWRjNC1kOGU2LTM0MzQtODQyMS0zYzQwNjQyODBmZjAEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZjZiZjJjZjAtYWYzZi0xMWUxLWFkM2YtYWIwM2VjYTIxMGIw;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
Now 10 weeks later, after the market tumbled 10%, Hays is back with a bullish stance.
In fact, he's the most bullish that I can ever recall seeing him in all the years of following his work, and of course his optimism is being fueled by the recent surge in gloom, fear, and pessimism. He says when you add in near-perfect monetary policy conditions, historically low valuations, and the battered psyches of traders, the indicators are currently giving "about as close to a guarantee as you will get in the market that you will enjoy a bull market in these next 12 to 48 months," the team at Hays writes. Not to mention their prediction for a "much improved environment, with better headlines, two or three months from now."
As this former NASA engineer explains it, we are at one of those rare moments where the stock market, headlines, and economy all feel terrible, but will likely prove to have been a great buying opportunity in the near future. Whether it is the lower-lows and higher-highs of the S&P 500, the consistent flight to dollar in times of trouble, or the sudden resurgence of Gold, he says the hard lessons of the last five years must be heeded, as well as the time-tested adage about markets "climbing a wall of worry."
"At the bottom of Bear markets, the fear is high. At the top of Bull markets, the euphoria is high," Hays reminds us, as he confidently puts his money where his mouth—and market monitors—say to.
Are you better off today than you were five years ago? Let us know your thoughts on our Facebook page.
Gotta love the ole "bad is good" articles.
So explain the VIX 14 points above its '07 low and 59 points off its '09 highs. How's that fit NASA's model? There's no fear in this market and that scares the hell out of me!
Not only that, hype is all we have left.
A six year shelf life for Flashbook? Less than that I'd say.
How does it feel to lose $3 million per hour 24/7?
You mean my own money or other people's money?
I'd say that billion in the bank lessens the pain quite a bit.
Shouldn't it be MOMOfied by now ? Or maybe only at $10 ?
People, delete your accounts and repent. 10 Hail Marys and 12 Our Fathers.
Does FB report number of accounts closed per month/period? That could be interesting.
Currently not allowing you to close accounts.
Also, "channel stuffing" your account with extra "friends".
Bullshit... I just closed my account (that I'd never used) last week...
They can be closed but they make it hard on you
http://www.makeuseof.com/tag/properly-close-facebook-account/
I love you guys to pieces, but for goodness sake, choose a better color scheme for your charts.
<poke>
Margin calls are coming after you...
I'm really surprised that the NYSE/DJIA/SPX/RUT haven't traded this way since March 2009, but then you gotta consider the PPT. FB needs its own PPT. Hell, at least Zuckerberg could announce a stock buyback program. LOL. Little chance of a stock buyback program.
FlushBook is clogging the financial system. Call the Plunger Protection Team, STAT.
If you are going to be taken serious when you tout your good performance you have to admit when you screw up. I lost $10k on this turd. On day 2 I was listening to some dipshit talking head on CNBC that CLAIMED the underwriters had to buy the stock the first few days to keep the stock above the bottom of its IPO range. The piece of shit was down big in the pre-market, so I bought a few thousand shares hoping for a bid at open. I ended up getting out at like $33 - should have shorted this POS to make back my losses (although TZA and VXX have done me pretty good so far). MAYBE they can make $1 of EPS in a FEW YEARS. Stock should be in the mid-teens at best.
Buying back a bit of the FAZ, TZA and VXX I sold on Friday today. Not much. I had $3mm of exposure, sold down to $1mm on Friday, have bought back to $1.5mm today.
I watched it but never bought it, I considered it on the first day and once I saw how odd it was moving I figured I'd stay away. It was way overvalued and if the dumb money didn't come in the first day they never will. What is the true value of this company? Who knows. I watched a BBC documentary on it and they touted that they went from like $300M to $4bn in revenues in like 4 years which is amazing until you think about it, once advertisers realize that people use Adblock and don't even see their ads and the others never click on it they will stop paying for ads and poof the money is gone just as quick as it came. Its not the users spending the money so unless they can convert a Facebook user to buy a car by clicking an ad the business model doesn't work.
I'd be careful with those levered etfs, you're better off doing position sizing and buying higher amounts than your position if you want to "lever" but we're sitting at what could be a temporary bottom, I've got some shorts on but looking to kick out in the next few days if we sit flat or start creeping up as it appears we're having trouble getting much lower right now....
Speaking of losses, I wonder how Mark Cuban is doing. He came out saying FB future was in doubt but announced he bought 150,000 shares of it in the low 30's "for a trade" With a 25 handle, it is now an investment. I guess he can handle the almost million dollar loss though.
Aw c'mon! This is a good-quality name with a brilliant future and a superb buy at $3.00.
Breaking News: Instagram to buy Facebook.
+100
hmmmm....figured Yahoo would pick them up.
Time to start collecting FaceBook memorabilia for sale at auction 20 years from now.
"Oh yeah, remember that? That's where I met my Wife/Husband. It's so weird we used to use that thing!"
The fartbook attack is successful: Torah, Torah, Torah!!! Fuggin Suckerturd.
As a fund manager of a gigantic public worker pension plan, can anyone suggest when I should buy this dip?
I hear RIM and Green Mountain Coffee are on FIRE!
Gigantic public worker pension plan?
I'd say go all in; you still get your fees and bonus don't you?
(/sarc)
buy it now......the taxpayers have your back if you are wrong
Only when Cramer says BUY!
Ask Steve for money. He has a pool of it. We can prop up this one too. And housing. and food stamps.. iwhatthehelldoyacallit's
like putting screen doors on a submarine........
I hear Morgan Stanley has planned a parade down Wall Street for the next time Facebook stock rises more than a dollar on the day. I still give that a 50/50 chance; probably from around $12 to $13.
It's not a complete failure until News Corp. buys it.
It's not a complete failure until the squid has wrung out the last drops of capital.
Or an even bigger douchebag called Justin Timberlake.
I'd like to share with you all why I like Falsebook:
Fewer people will be able to say "Can 650 million people be wrong."
Perhaps this is a good time for a reminder of Mark Cuban's excellent "disclosure" at the IPO:
"And in the interest of disclosure I bought 150k shares of FB. 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. Its a trade, not an investment. Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week."
Facebook decline explained by an insider:
http://www.youtube.com/watch?v=oavMtUWDBTM
any statement beyond "They Suck" is unnecessarily verbose.
They super double-turbo suck.
Nah-nah-nah-nah-nuh-nuh, nah nuh-nuh, nah nuh-nuh, nah nuh-nuh, nuh-nah.
Nah-nah-nah-nun, nun-ah-nah, nun-ah-nah, nah-nah-nah-nah-nah !
Nah-nah-nah-nah-naaaaaaaaaaaaaaaaaaaaaaaaaah ! Dah dah daaaaaaaaah...
Nice!
Can anyone explain to me how Sr. Execs at FB and GS doubled their share sales on or around the time other Sr. Execs at Fb were quietly telling "certain" analysts to cut their estimates? Isn't this "trading on material, non public inside information? And wouldn't this information, made public, hamper demand and most likely lower it's initial offering? Hmmm?
it is a highly complex and fluid situation at the moment.
the crux the nub the kernal of the issue the fundamentals begin and end here.
it is a little long but by the end it should be much clearer.
http://www.youtube.com/watch?v=KHy7DGLTt8g&feature=related
Is this what they meant when they said it was a momentum stock?
Heard an analyst this morning say that they need to start charging users $0.99/month. Analyst was probably a former manager from Netflix.
LIKE
THE GOOD NEWS IF U CAN CALL IT THAT WAY IS THAT THE IMPLIED VOL REMAINS BETTER THAN MORGAN STANLEY AND NETFLIX A HUGE 67+% AND CALLS IN FB ARE NOW MORE ACTIVE THAN PUTS
Yeeesh.... Charlie Biederman was doing so well until he bit the Book One. Dude is always gonna hate the letters F and B from here...
"Failberg is melting, daily. How much more proof do you need about Global Warming?" -- Al Gore, June 2012
"A crime linked to Facebook is reported to police every 40 minutes. Last year, officers logged 12,300 alleged offences involving the vastly popular social networking site. Facebook was referenced in investigations of murder, rape, child sex offences, assault, kidnap, death threats, witness intimidation and fraud. The vast majority of cases involved alleged harassment or intimidation by cyber-bullies."
A solid platform for relationship building.
FaecesBolus
http://www.efsmi.org/
Pedobear is long FB.
"The dream is collapsing!!!!!"
(Hans Zimmer music blares)
MillionDollarBonus is so swamped with BTFD opportunities that he has not posted since the IPO. Where oh where is he?
gentlemen
If you want a picture of a more just future.
then imagine a boot stamping on mark sucker billdebergs face forever.
There is a huge interest to reverse this downward slide.
News will be generated and fabricated, accountants will work thier magic.
There will be m&a and synergies.
Cramer will speak.
The horror!
looks like wall street is trying to teach zuckerbug who is the boss.
Here is how this is going to go down.
With all the new money FB has acquired it is hiring accountants. These accountants will help in massaging numbers to a point where the first earnings release will a hugely rosy one. And then the bots will hike the stock price up. They will need Cramers help though and rest of the CNBS staff to pump this one up. Then the ones who missed the chance to get out will. And things will return to normal (that is FB price going down) till the next earnings release!
Because the Rant never gets old:
http://youtu.be/wPvF97_q00s
SPX rally warning & USDX retracement warning now confirmed & good (counter trend) equity upside expected.
http://www.zerohedge.com/news/2012-12-24/market-analysis