• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Think You Bought (Or Sold) FaceBook? Think Again

Tyler Durden's picture




 

If you just submitted an order to buy FB today, and were confident the order was executed even if at market, you may be out of luck:

  • NASDAQ HAS PROBLEM DELIVERING FACEBOOK TRADE EXECUTION MESSAGES

What this means is that the exchange at this point is deciding whether or not to send back late executions to all people who bought, or thought they bought. Needless to say this means that the indicated price is likely not the real price if one factors for all the latent orders, on both the bid and offer side, unless of course all those orders get cancelled, further eroding confident in the market, only this time hitting that one segment most disenchanted with the stock market - mom and pop.

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Fri, 05/18/2012 - 12:14 | 2440440 Mongo
Mongo's picture

This is where Jamie "Deamon" goes WTF and the rest of us go LOL

Fri, 05/18/2012 - 12:17 | 2440471 battle axe
battle axe's picture

Who cares about god damn Facebook! Move on to something else Tyler, boring....

Fri, 05/18/2012 - 12:18 | 2440481 SheepRevolution
SheepRevolution's picture

Oh no no no, see this is the hour when we kick the SOB lying down on the ground..

Fri, 05/18/2012 - 12:19 | 2440488 CrazyCooter
CrazyCooter's picture

GoogleNews and Drudge are both reporting how "up" FB is, LOL.

Regards,

Cooter

Fri, 05/18/2012 - 12:21 | 2440513 Manthong
Manthong's picture

Um… can you point me to the fire exit? 

It seems a tad smoky in here and I am have a bit of trouble pressing through this huge crowd..

Fri, 05/18/2012 - 12:34 | 2440570 bdc63
bdc63's picture

HUGE black eye for Nasdaq.  First they court Facebook.  Then they celebrate the win of the listing.  Then they completely botch up the IPO day.

Good luck winning another IPO there Nasdaq.

Fri, 05/18/2012 - 12:38 | 2440584 clones2
clones2's picture

Maybe they should have been spent for time getting this IPO ready    /sarc

Fri, 05/18/2012 - 12:39 | 2440601 Paul Atreides
Paul Atreides's picture

Opening delay was due to the HFT plunge protection algos not coming online...this blue turd would have broke through $30 in an hour without them...

Fri, 05/18/2012 - 12:41 | 2440613 Mark Carney
Mark Carney's picture

Anyone else notice how spastic trading that has been going on in numerous companies (Zynga, LKND, FB, BBY, GRPN)....wild swings galore!

 

Odd day......

Fri, 05/18/2012 - 12:46 | 2440634 mendigo
mendigo's picture

Selling was detected...must be investigated.

Fri, 05/18/2012 - 12:38 | 2440590 malikai
malikai's picture

"They trust me.. Dumbfucks"

Fri, 05/18/2012 - 12:31 | 2440532 tocointhephrase
tocointhephrase's picture

and bbc... jokers http://www.bbc.co.uk/news/business-18115914 YOU CAN POST A COMMENT AT THE BOTTOM of the page AS WELL, not that I would want you all to overwhelm them!

Fri, 05/18/2012 - 12:25 | 2440537 Xkwisetly Paneful
Xkwisetly Paneful's picture

Not the direct retail public, currently running 3-1 against FB which is about as one way on the downside as possible.

It's fun though to pretend people are madly clicking their mice at home trying to buy shares in some futile exercise.

Fri, 05/18/2012 - 12:27 | 2440547 resurger
resurger's picture

So much money at stake .... am on the sidelines watching

Fri, 05/18/2012 - 13:09 | 2440737 Sudden Debt
Sudden Debt's picture

THIS IS WORSE THAN THE COMEX AND MF GLOBAL COMBINED!

Who sold what to who and who has what... Soon they'll tell us they sold 100 times more than there was stock available...

Fri, 05/18/2012 - 12:53 | 2440665 El Oregonian
El Oregonian's picture

Sounds like 'ol b/a got "Face-Crotched" some time yesterday... (WAH)

Fri, 05/18/2012 - 13:39 | 2440837 SILVERGEDDON
SILVERGEDDON's picture

If you bought into this Jersey Shores Snookie shit, you all deserve to be executed - without delay !

Fri, 05/18/2012 - 12:20 | 2440498 BorisSDT
BorisSDT's picture

This keeps getting better and better... Why Facebook isn't worth even half of what they're asking: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-bill...

Fri, 05/18/2012 - 12:29 | 2440553 CrazyCooter
CrazyCooter's picture

Or this ...

http://www.forbes.com/sites/ryanholiday/2012/05/17/why-i-lost-my-faith-in-facebook-advertising/

If FB actually crashes, in spite of all the hype in the news, it will be epic. I am spending just as much time looking at the scrolling articles on google news for FB ... hehe ... it's like there are two realities!

Regards,

Cooter

Fri, 05/18/2012 - 12:53 | 2440670 Bizaro World
Bizaro World's picture

There are two stories but thankfully only one reality. Thanks to ZH for keeping us aware which one holds truth.

Fri, 05/18/2012 - 13:01 | 2440705 DaveyJones
DaveyJones's picture

Kinda sums up where we're at. Paying a 100 billion for a website whose main purpose is sending friend "requests" from high school folks I never wanted to see again.

Fri, 05/18/2012 - 12:24 | 2440531 Bastiat
Bastiat's picture

NASDAQ HAS PROBLEM DELIVERING FACEBOOK TRADE EXECUTION MESSAGES

Maybe they should try tweeting them.

Fri, 05/18/2012 - 13:21 | 2440776 BeetleBailey
BeetleBailey's picture

LOL +100 Bastiat

Fri, 05/18/2012 - 12:26 | 2440540 Caviar Emptor
Caviar Emptor's picture

Faace Boook been bery bery goood to me!

Fri, 05/18/2012 - 12:34 | 2440571 ClassicalLib17
ClassicalLib17's picture

Is that you, Chico?

Fri, 05/18/2012 - 13:50 | 2440873 asteroids
asteroids's picture

Today's action is the equivalent of the BATS IPO. I wonder if this is revenge by some parties.

Fri, 05/18/2012 - 12:14 | 2440441 bingo was his name
bingo was his name's picture

Facepalm

Fri, 05/18/2012 - 12:22 | 2440518 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Fakebook

Fri, 05/18/2012 - 12:34 | 2440575 HardlyZero
HardlyZero's picture

Farcebook.

Greek facebooking it on Google...

We are ZINGA !

Fri, 05/18/2012 - 12:47 | 2440642 Cthonic
Cthonic's picture

Facemook

Facebork

Facecrook

Faecesbook

 

Fri, 05/18/2012 - 12:54 | 2440677 Caviar Emptor
Caviar Emptor's picture

 

FakeBoob

FalseDook

Fri, 05/18/2012 - 12:40 | 2440604 MsCreant
MsCreant's picture

Facecrook?

Fri, 05/18/2012 - 13:04 | 2440720 DaveyJones
DaveyJones's picture

Assflick

Fri, 05/18/2012 - 12:15 | 2440448 slaughterer
slaughterer's picture

What a Ponzi Banana Republic.  

Fri, 05/18/2012 - 12:15 | 2440449 mammoth mo
mammoth mo's picture

Translation - if it goes up you didn't get it.

If it goes down you got it at the high price.

Fri, 05/18/2012 - 12:19 | 2440487 scatterbrains
scatterbrains's picture

is that sorta like HFT'ing the HFT market ?

Fri, 05/18/2012 - 12:20 | 2440497 mammoth mo
mammoth mo's picture

Exactly

Fri, 05/18/2012 - 12:53 | 2440672 Rahm
Rahm's picture

Where's Corzine today?

Fri, 05/18/2012 - 12:23 | 2440503 monkeyboy
monkeyboy's picture

Like

Fri, 05/18/2012 - 12:15 | 2440452 TradingTroll
TradingTroll's picture

Its like the stock market was just invented ysterday and its a test run.

 

Just like Fukushima, FB will have its plutonium explosion moment. From all the hota air built up.

Fri, 05/18/2012 - 12:15 | 2440453 tocointhephrase
tocointhephrase's picture

MDB did you get the message?

Fri, 05/18/2012 - 12:15 | 2440457 Boilermaker
Boilermaker's picture

Flawlessly Fraudulent

Fri, 05/18/2012 - 12:16 | 2440459 mayhem_korner
mayhem_korner's picture

 

 

Way to make Friends, eh?

Fri, 05/18/2012 - 12:16 | 2440461 Conman
Conman's picture

PPT there you are - can't let facebook fail!

Fri, 05/18/2012 - 12:29 | 2440555 Boilermaker
Boilermaker's picture

Golly, a little obvious...and pathetic.

Fri, 05/18/2012 - 12:16 | 2440462 TooBearish
TooBearish's picture

My HTF platform has already cranked 1,000,0000,000 quotes- how can that be?

Fri, 05/18/2012 - 12:28 | 2440551 Liquid Courage
Liquid Courage's picture

Couldn't be your typos, could it?

FatFingers => FatTails?

Fri, 05/18/2012 - 12:16 | 2440463 insanelysane
insanelysane's picture

In case you needed help to projectile vomit.

Our amazing CNBC research team just sent this note: Facebook topped 200 million shares traded in its first 20 minutes. Here’s how it compares: Visa: 177 million, Google: 22.4 million, Linkedin: 30.2 million, and GM traded 458 million on its first day of trading.

by Gloria McDonough-Taub on Friday, May 18, 2012 at 12:12:46 PM

 

Took amazing research to find out the number of shares traded on a publicly traded company???

Fri, 05/18/2012 - 12:55 | 2440683 710x
710x's picture

"They", whoever they may be, are trying to keep the market up through FB.  This explains the immense amount of shares already traded, the problems filling orders, and the ridiculously high valuation.

Fri, 05/18/2012 - 12:16 | 2440466 Dr. Engali
Dr. Engali's picture

Skynet is angry. Systems are going down eveywhere. Etrade is down.

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