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 - 12:21 | 2440509 insanelysane
insanelysane's picture

Going with the proven MFG excuse.  "Things were chaotic at the time and it is nearly impossible to know who bought what when."

Fri, 05/18/2012 - 12:16 | 2440467 DarthVaderMentor
DarthVaderMentor's picture

Sounds like a Ponzi trail cover-up. I wonder how many really bought FB?

Fri, 05/18/2012 - 12:16 | 2440468 lizzy36
lizzy36's picture

Sooooo hard to see why most "investors" have no confidence in this clusterfuck, formally know as an equity market.

Cannibalization continues.

Fri, 05/18/2012 - 12:46 | 2440596 GeneMarchbanks
GeneMarchbanks's picture

Is it possible The Morgue is so mired in the supposed spread trade clusterfuck that they can't even be market makers anymore?

Just tryna start rumours, that's all.

Fri, 05/18/2012 - 12:16 | 2440469 alien-IQ
alien-IQ's picture

Unless, of course, you lost money on the trade...then it is confirmed.

Fri, 05/18/2012 - 12:16 | 2440470 fockewulf190
fockewulf190's picture

Retail outflows are going to go ballistic next week.

Fri, 05/18/2012 - 12:17 | 2440473 Kastorsky
Kastorsky's picture

FACEPALM

Fri, 05/18/2012 - 12:17 | 2440476 Bunga Bunga
Bunga Bunga's picture

FAILBOOK

Fri, 05/18/2012 - 12:37 | 2440587 HardlyZero
HardlyZero's picture

In other words...the book opened and closed today on Fakebook.

Fri, 05/18/2012 - 12:17 | 2440479 zerotohero
zerotohero's picture

They need Sacha Baron dressed as The Dictator to ring the opening bell.

Fri, 05/18/2012 - 12:20 | 2440495 Cursive
Cursive's picture

@zerotohero

Too much credibility.

Fri, 05/18/2012 - 12:22 | 2440516 zerotohero
zerotohero's picture

How bout the cast from the new Three Stooges Movie.

Fri, 05/18/2012 - 12:49 | 2440602 HardlyZero
HardlyZero's picture

Should have hired The Most Interesting Man...he would have kept it up...and shot to 100 today.  Would have been cheap print...but no...they bring in the hoodie hustlers into the street...and they get their butts kicked ToTheMoon.

Fri, 05/18/2012 - 12:18 | 2440486 Cursive
Cursive's picture

I'm sure the wannabe buyers are OK with this now.

Fri, 05/18/2012 - 12:19 | 2440492 lsbumblebee
lsbumblebee's picture

without a trace book.

Fri, 05/18/2012 - 12:43 | 2440625 MsCreant
MsCreant's picture

Vaporized!

Fri, 05/18/2012 - 12:51 | 2440654 HardlyZero
HardlyZero's picture

Heard they used disappearing ink on their first printing.

 

Its GONE !  (face)

Fri, 05/18/2012 - 12:20 | 2440502 Debtless
Debtless's picture

What is this Facebook thing everyone's talking about?

Fri, 05/18/2012 - 12:56 | 2440688 blunderdog
blunderdog's picture

It's a book of mugshots of all our big bank CEOs....

In a SANE world.

Fri, 05/18/2012 - 12:20 | 2440504 Quinvarius
Quinvarius's picture

Schroedingers trade execution.

Fri, 05/18/2012 - 12:20 | 2440505 Dr. Engali
Fri, 05/18/2012 - 12:25 | 2440535 TMT
TMT's picture

"coming back off its low of the day"

Fri, 05/18/2012 - 12:20 | 2440506 emersonreturn
emersonreturn's picture

MBD, don't worry, you're in it for your grandkids, no doubt you are buying on the dips.

Fri, 05/18/2012 - 12:24 | 2440527 ebworthen
ebworthen's picture

He probably bought at $42 and will now have to hold onto it until Microsoft buys them at $2 a share in 2015.

Fri, 05/18/2012 - 12:20 | 2440507 Kali
Kali's picture

A whole new generation of potential  stock market investors scared off.  WTG wall street!

Fri, 05/18/2012 - 12:38 | 2440595 CrazyCooter
CrazyCooter's picture

Oh, you mean the 20-something/30-somethings loaded with student loan debt the size of a mortgage, unable to save (unless they live with parents), in an increasingly shitting job market? Those investors?

It's funny, but I kind of wonder how the older demographic, with all the assets, will unload them onto younger generations who they thouroughly fucked via a 30 year debt orgy. Younger folks can't afford a house anymore because student loans are the new mortgage. They also ain't going to be buying what pension companies need to sell to pay benefits either.

Just ranting because SVN is down at work and I am stuck for the moment ...

Regards,

Cooter

Fri, 05/18/2012 - 12:20 | 2440508 El Viejo
El Viejo's picture

Someone yesterday said it best and I LMAO :     FACEPLANT

 

Fri, 05/18/2012 - 12:22 | 2440510 ebworthen
ebworthen's picture

"We apologize for the inconvenience.  Your bid for 1,000 shares at $42 was placed after we cleared robot algo order sells of one million and one at $42.01.  Thank you for using NASDAQ.  Invest in America, buy more FB today!"

Fri, 05/18/2012 - 12:21 | 2440512 SilverTard
SilverTard's picture

So CIA Farcebook fails.... what a shame.  :)

 

Fri, 05/18/2012 - 12:22 | 2440517 insanelysane
insanelysane's picture

Herd meet cliff.

Fri, 05/18/2012 - 13:46 | 2440606 HardlyZero
HardlyZero's picture

We are ZYNGAaaaaaa !

Fri, 05/18/2012 - 12:22 | 2440519 kentfinance
kentfinance's picture

and ZNGA?

Fri, 05/18/2012 - 12:28 | 2440549 bdc63
bdc63's picture

down for the count ...

Fri, 05/18/2012 - 12:33 | 2440566 resurger
resurger's picture

Yup .. the PPT made it

It's Green guys

Fri, 05/18/2012 - 12:22 | 2440521 crawldaddy
crawldaddy's picture

when i grow up I want to be an algo.

Just surf the web all day and when asked I just scream BUY or SELL.  

ah to be an algo.

Fri, 05/18/2012 - 12:23 | 2440522 resurger
resurger's picture

green Here i come

Fri, 05/18/2012 - 12:23 | 2440524 TMT
TMT's picture

On a risk adjusted basis this crap would have to go 5x to make it worth it (to me).  I would prefer to sit at a blackjack table:  better odds, free drinks, and decent looking waitresses walking around with their tits hanging out.

Fri, 05/18/2012 - 12:23 | 2440526 moonstears
moonstears's picture

These "wall streeters" are brilliant, get the remaining 5% of individual retail investors(compared to say 1999) worked up to pay any price to get their hands on this hot item. Muppets will be pissed at paying say, $43, Monday, but "oh so glad" they're "in the game". Interesting times.

Fri, 05/18/2012 - 12:25 | 2440533 fockewulf190
fockewulf190's picture

Buy! Buy!, BUY!!! Get that stock up to $40 and hold it there goddammit!!!

Fri, 05/18/2012 - 12:36 | 2440536 VonSalza
Fri, 05/18/2012 - 12:26 | 2440541 Debtless
Debtless's picture

Look at gold & silver, the fucking champs that they are, completely ignoring this whole charade today.

Fri, 05/18/2012 - 12:36 | 2440581 tekhneek
tekhneek's picture

Oh, the real money? Yeah. They're fine.

Fri, 05/18/2012 - 13:16 | 2440756 Bizaro World
Bizaro World's picture

Thankful to the Tylers and fellow ZHers to be informed which help take advantage of the recent precious metals BTFD moment.  My earlier PMs were lost in an unfortunate boating accident.

Fri, 05/18/2012 - 12:26 | 2440543 TMT
TMT's picture

Did Corzine ring the opening bell?

Fri, 05/18/2012 - 12:43 | 2440618 HardlyZero
HardlyZero's picture

Since JPM and GS are somewhat like competitors...is it possible JPM was heavily shorting Farcebook ?   You should never farce it in too hard...ouch !  that must hurt.

Fri, 05/18/2012 - 12:27 | 2440545 crawldaddy
crawldaddy's picture

Beany Babies had more intrinsic value than this stock does.  AT least at the end of the day you could pile your overpriced worthless beany babies an dcreate a pillow of sorts. Bad web stock give you nothing but lost money and a 404 error.

Fri, 05/18/2012 - 12:28 | 2440550 Everybodys All ...
Everybodys All American's picture

Facelift - goes higher

Faceplant - goes lower

 

Vote please...

Fri, 05/18/2012 - 12:28 | 2440552 Trimmed Hedge
Trimmed Hedge's picture

Just mised $3 a share profit...

Fri, 05/18/2012 - 13:01 | 2440707 Matt
Matt's picture

If you bought into the IPO in Germany and sold at 50,000 euros, you would be up ~49,970 euros, unless a mulligan was called and the trade reversed. 

Fri, 05/18/2012 - 12:30 | 2440557 All Out Of Bubblegum
All Out Of Bubblegum's picture

$> ping us.etrade.com PING us.etrade.com (12.153.224.21): 56 data bytesRequest timeout for icmp_seq 0 36 bytes from etrade-fina.edge4.atlanta2.level3.net (4.30.52.206): Communication prohibited by filter Vr HL TOS Len ID Flg off TTL Pro cks Src Dst 4 5 00 5400 115d 0 0000 31 01 9939 10.0.232.100 12.153.224.21 Request timeout for icmp_seq 1 Request timeout for icmp_seq 2 Request timeout for icmp_seq 3 Request timeout for icmp_seq 4 ^C --- us.etrade.com ping statistics --- 6 packets transmitted, 0 packets received, 100.0% packet loss

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