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Well, better late than never.
Note: these are not our trades.
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You lost 10% from what you paid. This is your confirmation.
I keep coming across articles indicating that the fraudulent sacks of shit on Wall St. are trying to value it the company at $100 billion. This is a absurdity of this assertion should be painfully obvious to anyone who takes even a cursory look at the numbers. The mathematics are simple enough even for small children to understand.
But of course on today, there is a mass IPO hysteria and all sorts of retards will bid the stock up to ridiculous levels, and yes, Facebook will reach and probably exceed that $100 billion valuation. Then I will wait impatiently for a week or two for people to write some puts. On a long enough timeline, I guarantee you, Facebook is a losing investment and I can’t wait to take the other side of that bet.
What's two hours in the life of an algo?
what happend at 1:51pm?
What was really fun was waiting for the stock to open with the excuse being that traders were having trouble cancelling or modifying orders.
Cancelling or changing?WTF?
Where'd the old days go when you placed an order and the fucking thing was executed and if you screwed up, tough baggage?
bunch of unemployed MBAs day trading out there on FB.
NASDAQ is down near day's lows and they aren't letting FB sink back down below $40 when it should be $39 about now.
What a clusterfuck all the way round.Cancelling, etc., late opening, no follow through, abysmal valuation, syndicate support of supposedly landmark deal, hype extroidinaire including hoodies on CNBS, excuses for long term valuation now that there's no pop....
Seminal canary in the proverbial coal mine.
Not to mention Europe coming fucking unglued.China supposedly weakening.Taxageddon due in the new year.
Bonds, bullion and cash, babe.
2,000,000 + order by UBS on FB.... @ $40.00
some back stop sign for traders to buy all at $40
every 15min they try to pump this shit up a quarter.
UBS @ $39.50
all support gone. free fall now until some last minute pump action by the close
end of the day pump starting now
How's that working out for them?
Well, currently trading at $ 38.02 and there are 12.3 million bid at $ 38.00 on nadq and 7.7 million bid at $ 38.00 on arca.
Update: 4.4 million bid added at $ 38.00 on ubbs and 1 million added on edgx at $ 38.00
Update: Edgx position taken out - other three total of 25 million now at 21 million and dropping
looks like the pump is just being used to prop up IPO price of $38.
What kind of "stock" has an artificial $38 floor below it? A floor DESPERATELY hoping that something good will happen on Monday so they can unload at a profit?
This whole manipulated thing is a joke...anyone playing with the machines deserves the losses they will eventually get - waterfall losses...
What does this do to any shreds of NASDAQ credibility left?
i am saving my money to get a piece of the Emily Chang IPO.
FB fun lasts as much as FB friends.....
$38.01 - $38.00 - $38.01 - $38.00 -$38.01 - $38.00.........................zzzzzzzzz unreality-land
Phones SHOULD be ringing at the SEC
underwriters guarantee IPO price.
they just sell it to themselves
Word of the day: Asymptotic
Use in a sentence: FB is asymptotically approaching the underwriter's floor price of $ 38.00 through the end of trading today.
Current floor at $ 38.00 is roughly 15 million shares and DROPPING
6 million and dropping.
If this floor gives way, this is going to be a mega- disaster!
It won't...but Monday will be interesting. BTW, there's another $530 floor at AAPL...
Nothing to see here, move along ...
... and with 4 minutes go - somebody threw a lot of "chaff" bids in up to $ 38.30 and the clearing trade rate slowed from 2.5 million/minute to under 1.0 million/minute ...
what a coincidence ...
All multimillion bid positions at $ 38.00 on all exchanges have been cleared on market close.
and since everything comes full circle ...
lots of random bid positions being closed ... AFTER the market has closed ...at prices up to $ 42.00
Gang rape, the horror never ends!
P.S. yep, ther went another one at 16:07 timestamp.
ADF exchange just processed two 50,000 share positions at $ 42.00
FINRA Alternative Display Facility (ADF)
is the place where all the ass raping trades are taking place.
nakid sorting @ $42 afterhours
Let Morgan and Goldman buy all the shares. Dimon is on a roll, he can be the bag holder.
You say all that stuff like it's bad.
"Bonds, bullion and cash, babe."
We kindly suggest the following portofolio reallocation :
Bond, bullions and shotgun slugs.
Basically trading flat. 5% Up from notional $38 start. The most anticipated DISAPPOINTMENT in IPO history.
NO likes or trusts Zuckerberg.
Zero safety of personal information.
The KNOWLEDGE that the ONLY way FB makes $$ is by SELLING your information.
It's a popular "free" site, that users admit they never click on ads.
They've been talking about how they can "monetize" all their users.....but they haven't done it yet.
MAYBE if and when they do, they'll have a BUSINESS.
Right now, owners of FB shares are just part of a popular (faddish) club.
Months of pre-pumping worked for "Twilight" movies, but NOT a company that HAS no product.
It was worse than even I thought. I expected a quick 2-3X before diving into negative territory. Even the SHEEP avoided this one.
Well said!! There are no more stupid sheep to slaughter, well maybe a few but not enough to sustain the ponzi... everyone else got wise to the scam...
Which means, GAME OVER... which means, the world is going to war over something. I'm now certain that is their next course of action...
IPO is now for insiders and banksters to fleece retail by flipping a hyped up company that nobody understands except some mythodical brand name of the startup.
basically banksters are selling a story.
banksters were having to eat their own story today.
Global thermonuclear war in the horizon: USA and UK sank the Kursk in 2000.
"What's two hours in the life of an algo?"
At least enough for a smoke break!
Jeesus, Ebworthen, that pic just scared the bejeebees outta me!
America needs an idolt..Zuckenburg is the new Steve Jobs, fall to your knees America, Z respresents everything great about America since self absorbed continuous meaningless posting about yourself is now America. FB is a garbage collector picking up meaningless free pieces of info about 1 billion people. Then reselling the junk to Advertisers. FB values each user at $110 while generating about $1 of sales from each users. Over time FB will prove to be a bubble, just like US Treasuries.
Mark Z and 23487324 broke idiots LIKE this!
"Like" thumbs up going to be jammed up your ass soon.
social networking giant created by anti-social kid.
I only rent stocks so I would not agree to buy a stock with a 90 day lock up. You have no control over the stock for 90 days. Trade at a huge loss and you cannot sell. What a sham.
It is, and I'll go even further. I think the reason why the orders both buy and sell weren't showing for essentially the whole day, is the fact the big banks where front running the orders and making sure that this stock stay up. You see it would be hard to manipulate a stock if everyone is able to see there order is in or out. If I bought it at 40 and I don't know if I have it or not, I would be slow to sell if it goes under 40 now wouldn't I. They didn't want a massive wave of momentum on the down side to start if like it did today the stock went up and then started down.
CNBC was cheerleading this stock all week and worse yesterday when it was all facebook all the time on CNBC or should I call it FBNBC. They are wanting a new dot.com/con era to sucker people into the market and have the game start again, the problem is t hat it's not happening. With this crazy IPO coming out it was only able to end the day 23 cents above the issuing price and the dow went red again at -73. They where hoping to bring this in to boost the market and it didn't. I feel sorry for FB and the idiots who own the stock, because Sunday night/monday morning the stock is going lower big time. It doesn't make anything and it's ad revenue from last year was 3.7 billion I believe, but that doesn't mean the profits where 2 billion or 1 billion. I bet after all the bills and such, their "net" profit was probably 180 million dollars.
OFFICIAL CONFIRM: YOU BOUGHT AT $42.87 WHEN YOU THOUGHT YOU BOUGHT AT $38.05. FURTHER, YOUR ORDER WAS INCREASED FROM 100 SHARES TO 10,000 SHARES. YOU'RE WELCOME!
Filled at $58?
Yes. I'm even richer than I thought.
Confirmed: Order to BUY FB; Ass partially filled
"Full speed ahead. Damn the hemorrhoids." - Jamie Dimon
watch out for PPT jacking up FB.
can't let big IPO like FB flop....
2:22 just saw some of pump and dump action.
$40 seems to be the target. they are gonna keep ramping it up everytime at $40.01
Due for another pump...and a bigger dump!
nothing like end of the day (especially options expiration) pump for good weekend.
There is a massive barrier at $40.01
They just went from 40.01 to 39.60 in a flash and added 5m in volume! Wow, just a few minutes later and 5m more in volume and its trying to stay above 39!
Give us a second.
There we go.
Below sea level in 3...2...1...
Zig Zag and Hell's Blessing Online.
Fuck the Algo's are fast...but dumb.
Well I can confirm the algo's react to sentence structures..
Time to go build a lanugage engine. I'm done for the day...should snap back once the verbal nonsense I'm firing out of Twitter stops in a moment.
Yahoo Finance is now displaying Facebook stock price next to the main indices on the front page. Because typing in "FB" is just so hard. Just when you thought you'd seen it all...
I saw that. Yet another sign the Apocalypse is upon us.
That is The Mark Of The Beast. Apocalypse Now, Bitchez. To all the paper participants - you got Zuckerburg - ed off. Now, GTFO. Silver at $28.00 yesterday is so much more satisfying. Except when it went down with the dingy on my way to the mother ship. Damm, I hate it when that happens. I bought one Face Plant share, wiped my ass with it, and mailed it off to Mark Z with my note expressing dissatisfaction with his new brand of toilet paper. Proof positive that it didn't work.
Would you rather have a share of Facebook or an ounce of physical silver? I know my answer. I think I know yours too =)
It gets better!! Shares of ZYNGA (yeah, that other ponzi stock everyone forgot about worth $10BILLION) has be halted!!
The rats can't flee the ship fast enough!!
If this is not clear evidence of cannibalizion of the entire FARCE called a "stock market" then I don't know what is!!
I have outsmarted Nasdaq and bought the physical Facebook Certificates.
Max Ficher told me do so.
Max Fish-head == Mathman == Jhonny Bravo
The 'market' is like snail mail now that someone has the Morgue by the testicles.
2 hours to arb ? Need some new staff
Had to get all the sell orders out of the way...
Then the underwriters had to come in and be the buyer..
Not even FaceBook managed to keep the stock market on the green today. The market is in bad shape to be sure. Not even a bounce into next week.
Actually FB is sucking the last of the loose cash out of the other stocks.
Who wants to be risk on when the world could end over the weekend xela?
Just ask Graham Summers........
Piss poor market, sucky revenue platform.
Plus a CIA tool
What's not to like?
Cut the price in half and double it, THEN I will buy. - http://www.youtube.com/watch?v=BHUNWqmasxk
I think Bloomberg just reported, European markets expected to open on Monday. US Markets selling off...
Facebook Inc. (FB) underwriters purchased the company’s stock to keep it from falling below $38 a share after debuting on the Nasdaq Stock Market, people with knowledge of the matter said.
The bankers supported the stock after Nasdaq OMX Group Inc. (NDAQ)faced difficulties delivering trade execution messages after the initial public offering, said one of the people, who asked not to be identified because the transactions are private.
Jonathan Thaw, a spokesman for Menlo Park, California-based Facebook, declined to comment.
The bullshit and spin start already. The things a bomb, a media creation. And they'll find every way to try to tell us it's not, it's HOT, it's must-have.
better never than late, as I always say
That's what she said.
That vol just showed on thr charts. 15 or so million shares. Fuck
Market price ...
... say no more!
(You are, however, allowed to quietly whimper as long as you don't disturb our enjoyment of your deserved suffering.)
FB = Most. Amazing. Stock. Ever!!
MDB do you have a trimmed hedge?
Does the carpet match the drapes, or do you have hardwood floors?
<7% seems to be it. Not great.
FB market cap of $112.8 bil higher than.. AMZN, BHP, BUD, PEP or TOT
If every man woman and child alive now, and all those dead and buried for the past 6000 years signed up for a Farcebook account it would be very hard to justify that sort of market cap based on (diminshing) "earnings"...
Ads on Facrebook don't work, just like a one app wonder company can't sustain a $12 Billion market cap. Plain and simple. Now, who wants to buy up some ad space?
...so the price at open was going to zero so the nasdaq shut the system down.
Now that that's out of the way, is FB gonna buy Greece?
Greece has other plans.
"Greece No Longer a Nation; Announces Plan to Become Social Network"
Breaking news>> Goldman Sucks now the self-declared underwriter of Nation of Greece IPO. Plans to go public next week. Symbol- OUZO. Sees $100 Trillion market cap with 70,000% growth over the next 20 years. This is a hot one. There is no better time to buy than right now! Get in line!<< End of transmission
"Facebook underwriters request Treasury Department and Federal Reserve allow FaceBook to be declared a bank holding company in order to allow access to Fed discount window, ZIRP and Operation Twist."
Breaking news>> Facebook's underwriters now filing with the United Nations, IMF and WHO for FarceBook to become a sovereign nation. All Wall Street CEOs, board of directors, company insiders and family can apply for immediate citizenship and renounce their US citizenship.<< End of transmission
The nasdaq vacuum tubes have just returned from a parallel reality where FB currently trades at 54.
The veils between the worlds are getting thinner.
The drapes between the worlds are just fabulous!!!"
I got them on sale at JC Penny.
If you can't get there on time, get there when you can!
And Bob Pisani declares it a huge success because the insiders got their stock at $1.11.
Well if that's the case, it has certainly achieved its objective.
FB my arse.
There are other things happening in the world of finance right now and actual lives are at stake because of it!
Fuckimg sink in your own pile of shit you yankee scum!
Eat shit and die!!
Hey what are you doing in here. Go back to Facebook.
Mark Suckerberg is that you
I like the tilt of your jib.
ZNGA = slaughtered upon the alter of Facebook.
Halted twice. Currently trading at about 73% of IPO. Ugly.
I don't know why they haven't updated in a while but one of my favorite reads...
They have got ZNGA, GRPN, YELP, LNKD and NFLX in this article... FUNNY because they were 100% SPOT ON ABOUT THOSE PONZIS!!!
No, not ugly... EXCELLENT! Yee-ha, what a day.
...aaaaand were back in the Ardennes
Glad I did not invest today. Feel sorry for the losers... not.
You've got to play to win...
You've got to play to lose ...
Never thought I would hear head cheerleader Bob Pisani say FB ipo was overhyped; he seems depressed. Kaminsky says the people will be pleased when they see tomorrow's headlines. Those that are aware of the market will know this was a total bust no matter how the spin it.
Today was the greatest day in the history of capitalism, America and wall street.
Better never than ever!
oh...there they are. I *knew* I should have checked in my FaceBulk Mail folder....
I think that the Big Boys sold their Shares to Retail. They also bet heavy on Shorts for the Nasdaq stocks that had run up huge before the Facebook IPO open. So many people were buying Goog, Amzn, lnkd, nflx, etc. expecting a huge pop in Facebook. Those who shorted those shares made huge gains.
Biggest Shearing of the Lambs in a long time.
FB just got its first downgrade to sell. Pivotal.
Can't GS get their clients to buy that shit up.
This is just insane. What a piece of crap this will turn out to be. Another 100 millionaires and we still have 47 million on food stamps and real unemployment at 15%+. When can I short this useless stock.
What really amazes me is that stock buyers really thought this was going to be the second coming and move everything higher, fix Greece and the rest of broken Europe, get AAPL back to 640, sell gold and create millions of jobs. How can a human being with 1/2 a frontal lobe be so fucking stupid.
I wonder what Shore T. Faycebuk has to say about it.
All I know is I like his profile.
Forgot to plug in B.A.T.S. Facebook Faceplant? Or just front running the shit out of it?
Final hour. Not looking good. 38 handle
LMAO. The 67 million shares owned by the underwriters (according to Bloomberg) may be kicking in any time now just like they did the last time it hit $38. Can't let that price approach reality on day one, ya' know. Gotta' let all kinds of suckers invest first.
FaceFuck just makes the CIA's job easier. People just post all their shit online so no investigation is neccessary. Fucking doofus "Look at Me" generation thinks anybody gives a fuck about their boring mundane lives
Not just the CIA, but any "intel" or government agency in the US or, for that matter, the world. I wish I could find the detailed article I read somewhere on-line about that.
Uh Oh. 38.07
`Aaaand it's gone'
Aww, how cute- - the Little Algo that Could.... it's trying to keep Farcebook above 38....
I think I can I think I can I think I can!
Me? I hope he cannot.
This IPO fizzle has gained me just a tad more respect for investors than I had just this morning. Some people actually have memories longer than a decade and know pure BS dot.bomb valuations when they see them.
Can we get a Facebook special show this weekend?
NASDAQ shorted the stock themselves just like Goldman takes care of Muppets. Take all of the orders at 42 and wait for stock to drop below 40, buy it and start handing it to muppets for 42. Nice $2+ per share and enjoy the weekend.
The battle to hold offering price of $38 is in full swing.
Yep, now we're going to see how many buy and hold heroes bought FB vs how many buyers panic after not making it rich on day one.
Seems to have a mysterious base at 38.00. How much longer can JP and MS keep pumping 38 million a minuite into keeping it proped up. Only have 7 mins left.
CNBC kills me
Shorting Facebook: Tough Trade, Brave Move and Was the Facebook Deal Overhyped?
38.23 at close, over hyped I think not!!!!! Muhahahahahaha
are you saying this is an artificial market manipulated hard-on on steroids at 38? that the Squid has organised?
And look at the IDIOTIC excuses Joey W is making on Business Insider (to which I replied):
Print it $38.17 close.
$38.11 (after hours), 554.62M shares sold of 2.47B offered:
It'll be really interesting to see how many suckers buy next week.
FYI, there are still, as of 5:45 ET, pending cancels out there with no confirmation of either execution or cancellation........
The Wall Street Ranter
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