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Re: NASDAQ:FB

#161

Post by brown9-2 »

twakefield wrote: post #140

Seems like Morgan Stanley and friends priced/played it perfectly for their client. Isn't that their role...to get the highest IPO price for the company they represent? It seems like the companies get screwed when there is big post IPO pop. It's a way for the banks to reward their customers at the expense of the company.

This assumes that Morgan Stanley was firmly in control of most of the details. Some reports, like this one, make it seem like Facebook had them by the short hairs (notice how FB knocked down the usual 7% commission to 1%): http://www.businessinsider.com/morgan-stanley-goldman-sachs-...

Re: NASDAQ:FB

#162

Post by option_greek »

rauljara wrote: post #130

[Kilgore Trout had written a novel call the Big Board.] It was about an Earthling man and woman who were kidnapped by extra-terrestrials. They were put on display in a zoo on a planet called Zircon-212. These fictitious people in the zoo had a big board supposedly showing stock market quotations and comodity prices along one wall of their habitat, and a news ticker, and a telephone that was supposedly connected to a…

Makes me wonder if each of us are in such environment already.

Re: NASDAQ:FB

#163

Post by kposehn »

Aqua_Geek wrote: post #135
alecco wrote: post #116

Earlier quoted context omitted.

This is a very serious warning sign, FB IPO didn't take off as some people expected. This is going to be a very important day to the valley. http://www.businessinsider.com/zynga-shares-crushed-and-halt...

Is it a bad sign? Doesn't it mean that shares were priced appropriately and FB didn't leave much on the table?

It does indeed mean that the shares were priced appropriately.

I would expect some movement up and down over the quarter until they deliver results. That is when we'll see the movement either way.

Re: NASDAQ:FB

#164

Post by Munksgaard »

randomdrake wrote: post #40

The opening ceremony was actually kind of cool: http://www.livestream.com/nasdaq/video?clipId=pla_80cca9bb-4... Seeing the sheer joy on Mark Zuckerberg's face was nice. I thought he was going to shed a tear, actually. It's always inspiring to see a geek get his day.

Are they just clapping for 3 minutes straight or am I missing something here?

Re: NASDAQ:FB

#165

Post by adhipg »

option_greek wrote: post #162
rauljara wrote: post #130

[Kilgore Trout had written a novel call the Big Board.] It was about an Earthling man and woman who were kidnapped by extra-terrestrials. They were put on display in a zoo on a planet called Zircon-212. These fictitious people in the zoo had a big board supposedly showing stock market quotations and comodity prices along one wall of their habitat, and a news ticker, and a telephone that was supposedly connected to a…

Makes me wonder if each of us are in such environment already.

The Matrix.

Re: NASDAQ:FB

#166

Post by cube13 »

larrys wrote: post #131
joering2 wrote: post #72

Earlier quoted context omitted.

I think if most wishes it to tank, its not because of envy, but rather because we all see how people lose control over their private data in the name of chilling out with friends on the cool website. This is extremely sweet candy that feels so good right now, but eventually you will throw up and have cavities. To me a wake-up call was a huge investment that FB accepted from DST.

I made a comment below about how I actually profit from things like this (stock going up and the high value assigned) in what I do. I gave it some more thought and think the reason most people (including myself) would secretly wish for the stock to tank is because we feel that there is something unjust going on with how much money they are making relative to what they are doing and whether it is even sustainable. Sur…

I think this is really it, especially in the HN space. Lots of entrepreneurs are looking at Facebook's SEC filings and going "How the hell are they worth that much?".

Re: NASDAQ:FB

#167

Post by JonnieCache »

chestercheetaz wrote: post #158

FB would have fallen more, but the underwriters of the IPO stepped in at $38 to support that level. This stock is bound to fall after today. I'm predicting $25 by the first earnings call.

>the underwriters of the IPO stepped in at $38 to support that level

What leads you to believe that, if you don't mind me asking?

Re: NASDAQ:FB

#168

Post by adoyle »

alexchamberlain wrote: post #109
mootothemax wrote: post #107

Earlier quoted context omitted.

Seems like a few trading sites are having issues with high traffic levels - not sure if that'd cause an increase OR a decrease :)

It sounds like NASDAQ were having traffic issues. Be interesting to hear the excuse .

I just got this on Fidelity:

  Attention: FB order execution slowness Certain marketplaces are experiencing slowness resulting in delays in execution for Facebook orders. Industry technology teams outside of Fidelity are working to correct the problem. This slowness is being experienced by other online brokers as well, not just Fidelity. This has been reported as a market-wide issue. We do not yet know when the problem will be resolved. We appreciate your patience.

Re: NASDAQ:FB

#169

Post by chestercheetaz »

JonnieCache wrote: post #167
chestercheetaz wrote: post #158

FB would have fallen more, but the underwriters of the IPO stepped in at $38 to support that level. This stock is bound to fall after today. I'm predicting $25 by the first earnings call.

>the underwriters of the IPO stepped in at $38 to support that level What leads you to believe that, if you don't mind me asking?

Did you watch the stock? It was dropping like a stone, then all of a sudden halted at $38, the IPO price. A WSJ article said that this was because the underwriters stepped in to support the $38 price level:

"The weak start came after high expectations for the Internet giant. The company's shares were recently changing hands up $1.58, at $39.62, after touching the $38 IPO price about a half hour after it started trading. The stock had opened at $42.05.

Underwriters stepped in to support the company's shares at the IPO price, according to a person familiar with the matter. There were more than 30 banks involved in the deal."

This, combined with the effect on other social media stock like ZYNGA (which has halted trading twice today due to large volatility), is a sign of things to come.

Re: NASDAQ:FB

#170

Post by swalsh »

randomdrake wrote: post #40

The opening ceremony was actually kind of cool: http://www.livestream.com/nasdaq/video?clipId=pla_80cca9bb-4... Seeing the sheer joy on Mark Zuckerberg's face was nice. I thought he was going to shed a tear, actually. It's always inspiring to see a geek get his day.

That's the face of a man who just became a billionaire over night.
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