The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 43 41 now. Quote Link to comment Share on other sites More sharing options...
JustYield Posted May 18, 2012 Share Posted May 18, 2012 41 now. That's a trend. Like it. Quote Link to comment Share on other sites More sharing options...
homeless Posted May 18, 2012 Share Posted May 18, 2012 i though it was 70 in pre-trading as poster above? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 That's a trend. Like it. It is trying not to go below 40. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 i though it was 70 in pre-trading as poster above? FUD - Fear, Uncertainty and Doubt. Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 18, 2012 Author Share Posted May 18, 2012 shares opened at $43 now $40 Quote Link to comment Share on other sites More sharing options...
Snafu Posted May 18, 2012 Share Posted May 18, 2012 FUD - Fear, Uncertainty and Doubt. VUCA - Volatility, uncertainty, complexity and ambiguity. Is this what Erranta feels like? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 Down below 40 now. OK, early days but where is this surge of FB retail buyers? Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted May 18, 2012 Share Posted May 18, 2012 They'll try and hold the float price. Reckon they'll fail. 38.5 Quote Link to comment Share on other sites More sharing options...
yellerkat Posted May 18, 2012 Share Posted May 18, 2012 They'll try and hold the float price. Reckon they'll fail. 38.5 38.0 / 38.01 http://uk.finance.yahoo.com/q?s=FB&ql=0 Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted May 18, 2012 Share Posted May 18, 2012 38.0 / 38.01 http://uk.finance.yahoo.com/q?s=FB&ql=0 All the PR around this event they'll really want some good copy for tomorrow - batttle lines drawn. Quote Link to comment Share on other sites More sharing options...
JustYield Posted May 18, 2012 Share Posted May 18, 2012 They'll try and hold the float price. Reckon they'll fail. 38.5 "Hey, you're the global co-ordinator, you buy this PoS, we're out!!" Who are the underwriters by the way? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 "A flotation too far" it has been described as on Sky News. Quote Link to comment Share on other sites More sharing options...
Patfig Posted May 18, 2012 Share Posted May 18, 2012 "A flotation too far" it has been described as on Sky News. Titanic flotation? Quote Link to comment Share on other sites More sharing options...
Russe11 Posted May 18, 2012 Share Posted May 18, 2012 to all these people who are saying its overvalued, why are they not charging in with their shorts on? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 18, 2012 Share Posted May 18, 2012 It will be interesting to see where the share price is in 4 weeks time. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 "Hey, you're the global co-ordinator, you buy this PoS, we're out!!" Who are the underwriters by the way? The original team of six: Morgan Stanley MS -0.52% , JPMorgan Chase & Co. JPM -1.80% , Goldman Sachs Group Inc. GS -0.35% Bank of America Merrill Lynch (BAC, BARC.LN), Barclays PLC's BCS -1.58% Capital Inc., and Allen & Co. Citigroup Inc. C -0.64% , Credit Suisse Group CS +1.49% , Deutsche Bank AG (DB, DBK.XE), RBC Capital Markets, Wells Fargo & Co. WFC -0.64% , Blaylock Robert Van LLC, BMO Capital Markets Corp., C.L. King & Associates, Inc., Cabrera Capital Markets LLC, CastleOak Securities L.P., Cowen & Co., Lazard Capital Markets LLC, Lebenthal & Co., Loop Capital Markets LLC, M.R. Beal & Co., Macquarie Capital (USA) Inc., Muriel Siebert & Co., Oppenheimer & Co., Pacific Crest Securities LLC, Piper Jaffray & Co. PJC -3.55% , Raymond James & Associates, Samuel A. Ramirez & Co., Stifel, Nicolaus & Co., The Williams Capital Group L.P., and William Blair & Co. Quote Link to comment Share on other sites More sharing options...
JustYield Posted May 18, 2012 Share Posted May 18, 2012 to all these people who are saying its overvalued, why are they not charging in with their shorts on? 38 has to be broken first. It's grinding up and will probably close today with a face-saving 10% pop. But we all saw the underwriters have to step in not 15 minutes after the float. I guess 38 will be re-tested next week. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 38 has to be broken first. It's grinding up and will probably close today with a face-saving 10% pop. But we all saw the underwriters have to step in not 15 minutes after the float. I guess 38 will be re-tested next week. 38 could be broken today dependent upon how many shares the underwriters have - 67 million a few sites are saying - and which they refuse to sell below 38. Then they have to buy to prop the price... well, that is what people are saying on several financial forums. Some sites are saying that if it could be shorted it would be 25 already. Can't be shorted for 30 days after the IPO. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 18, 2012 Share Posted May 18, 2012 I think it's worth about the same as AOL. The reason that there's all the hype, is because 55 yeard old company directors and investment bankers have no idea what it is, but they know their daughter uses it a lot, and it's always being talked about on the BBC and in the press as if everyone's using it, and they don't want to admit, they don't really understand it, so they'll just buy a few billion, they get the momey free direct from the BOE anyway. I guess on this site we're mostly too old to be serious users, but does anyone know anyone over the age of 20 who uses it? Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted May 18, 2012 Share Posted May 18, 2012 (edited) I guess on this site we're mostly too old to be serious users, but does anyone know anyone over the age of 20 who uses it? I'm in my 20s and my experience is that once people enter the real world (ie stop being a student/start working full-time/stop living with your parents) is that they may still use Facebook now and again, but not much and only to check for messages from friends. Indeed a number of people I know have deleted their account recently. Mine's pretty much dormant. Edited May 18, 2012 by Chuffy Chuffnell Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 I think it's worth about the same as AOL. The reason that there's all the hype, is because 55 yeard old company directors and investment bankers have no idea what it is, but they know their daughter uses it a lot, and it's always being talked about on the BBC and in the press as if everyone's using it, and they don't want to admit, they don't really understand it, so they'll just buy a few billion, they get the momey free direct from the BOE anyway. I guess on this site we're mostly too old to be serious users, but does anyone know anyone over the age of 20 who uses it? Looks like volume has fallen off a cliff. I am only looking at Yahoo and Google financials - anyone else seeing this? Quote Link to comment Share on other sites More sharing options...
JustYield Posted May 18, 2012 Share Posted May 18, 2012 38 could be broken today dependent upon how many shares the underwriters have - 67 million a few sites are saying - and which they refuse to sell below 38. Then they have to buy to prop the price... well, that is what people are saying on several financial forums. It won't go below 38 today. Some sites are saying that if it could be shorted it would be 25 already. Can't be shorted for 30 days after the IPO. If you can borrow the shares from an institution, you can short them - so it is both allowed and possible but tricky (scarcity). (Obviously the underwriters are barred from lending their stock out for shorting purposed as it would be a conflict of interest.) Quote Link to comment Share on other sites More sharing options...
bmf Posted May 18, 2012 Share Posted May 18, 2012 That really did dip then bounce back up (with a little help no doubt!) Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 18, 2012 Share Posted May 18, 2012 If you can borrow the shares from an institution, you can short them - so it is both allowed and possible but tricky (scarcity). (Obviously the underwriters are barred from lending their stock out for shorting purposed as it would be a conflict of interest.) Thanks. NASDAQ is saying something is up with their computers and people aren't sure whether they bought or not. Quote Link to comment Share on other sites More sharing options...
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