Facebook Crash

Quote from zdreg:

as an aside it is interesting how language evolves. addressing someone as boss and sir use to be a sign of respect. nowadays these words can also show disdain.
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I deleted this bookmark for almost two years, it was a healthy move, I do miss The Mooks of the investing community.

BTW, I was on the desk during AMER as well as NSCP IPO's back when I was a young lunch clerk. We hit/took stocks with telephones with greater success than FB.

saludos,

surdo
 
maybe a good trade, but it is still non-shortable.

only way to ride it down now is to bet against other social media shares, but some might already be oversold and depressed due to FB underwriters hedging their $38 support on Friday.

Short squeeze anybody.
 
I have to say that anyone who bought Face Book deserves to lose and lose big. They should have just made the IPO 10 trillion. People probably would have still bought in to it.
 
Quote from Surdo:

What are you basing this on?

You forget most of this stock is in the hands of institutions that will buy the stock lower and hold it for more than a day you clown.
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the hedgies en masse are going to pound this pc. of crap into the ground.

retail is already starting to puke' em out.

s
 

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Quote from nocloud:

maybe a good trade, but it is still non-shortable.

only way to ride it down now is to bet against other social media shares, but some might already be oversold and depressed due to FB underwriters hedging their $38 support on Friday.

Short squeeze anybody.
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By the time it's shortable it will be <$18. A short squeeze setup then might be doable but any rally is unlikely to be sustainable; it will take too long to indicate a reasonable P/E.
 
Quote from shopster:

the hedgies en masse are going to pound this pc. of crap into the ground.

retail is already starting to puke' em out.

s
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Over at cnbc are saying it will reach $22 so I am guessing FB will settle around $23-$24
 
Quote from shopster:

the hedgies en masse are going to pound this pc. of crap into the ground.

retail is already starting to puke' em out.

s
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Nobody is able to short any size and the synthetics are well under 20k contracts in the options. I don't really follow the logic that "hedge funds" are pounding some obvious edge here. If anything you'd have to be nuts to short it at this level for fear of some sort of syndicate bid.

The vast majority of sellers are those who were f*cked on the IPO and therefore the weak hands will be gone soon. I bet we close over $31 by Monday.

I can understand it if it were near to the release of the lock-up (date), but those horses are out of the barn.

So I assume you're short from 28.80 here? Adding?
 
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