facebook IPO 18th May Predictions

you could short on the first day, which i did accidentally twice. I'm guessing if you kept them they wouldn't have been closed?
 
Atilla said:
How is that possible?

I can't place any short on FB yesterday or today?
Click to expand...

I'm sure I've seen somewhere on that there internet that you won't be able to short for 28 days or so.... Edit: Limits triggered on Monday and limited stock out on loan for 30 days= no shorts for smallfrys
 
Last edited:
Jonnyrotten said:
I'm sure I've seen somewhere on that there internet that you won't be able to short for 28 days or so.... Edit: Limits triggered on Monday and limited stock out on loan for 30 days= no shorts for smallfrys
Click to expand...

Ok thanks.

Also found this in the news.

Investor sues Nasdaq, alleges Facebook IPO bungled

22 May 2012 - 21:27
May 22 (Reuters) - Nasdaq OMX Group Inc <NDAQ.O> has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc <FB.O> shares following its initial public offering, causing losses for investors.
Phillip Goldberg, a Maryland resident, is seeking class-action status on behalf of all investors who lost money because Nasdaq delayed or otherwise mishandled their buy, sell or cancellation orders for Facebook stock on May 18, the day the social networking giant went public.
A technical glitch delayed Facebook's market debut by roughly half an hour, and later delayed order confirmations.
Nasdaq Chief Executive Robert Greifeld told investors at his company's annual meeting on Tuesday that "clearly we had mistakes in the Facebook listing," but more than 570 million shares were processed on the first day. [ID:nL1E8GMB08]
Goldberg filed his lawsuit on Tuesday in the U.S. District Court in Manhattan.
The case is Goldberg v. Nasdaq OMX Group Inc et al, U.S. District Court, Southern District of New York, No. 12-04054.
(Reporting By Jonathan Stempel in New York; Editing by Gary Hill)
(([email protected])(646)(223-6317)(Reuters Messaging: [email protected]))
Keywords: NASDAQ FACEBOOK/LAWSUIT
 
Atilla said:
Ok thanks.

Also found this in the news.

Investor sues Nasdaq, alleges Facebook IPO bungled

22 May 2012 - 21:27
May 22 (Reuters) - Nasdaq OMX Group Inc <NDAQ.O> has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc <FB.O> shares following its initial public offering, causing losses for investors.
Phillip Goldberg, a Maryland resident, is seeking class-action status on behalf of all investors who lost money because Nasdaq delayed or otherwise mishandled their buy, sell or cancellation orders for Facebook stock on May 18, the day the social networking giant went public.
A technical glitch delayed Facebook's market debut by roughly half an hour, and later delayed order confirmations.
Nasdaq Chief Executive Robert Greifeld told investors at his company's annual meeting on Tuesday that "clearly we had mistakes in the Facebook listing," but more than 570 million shares were processed on the first day. [ID:nL1E8GMB08]
Goldberg filed his lawsuit on Tuesday in the U.S. District Court in Manhattan.
The case is Goldberg v. Nasdaq OMX Group Inc et al, U.S. District Court, Southern District of New York, No. 12-04054.
(Reporting By Jonathan Stempel in New York; Editing by Gary Hill)
(([email protected])(646)(223-6317)(Reuters Messaging: [email protected]))
Keywords: NASDAQ FACEBOOK/LAWSUIT
Click to expand...

niiiiccceeeeee......
 
Hi guys,

Can short FB on IG now. Great stuff.


Short @ 3006, SL @ 3206 T@ 2006
 
wackypete2 said:
You can but put options today too.

Peter
Click to expand...

Thanks Pete and that's what triggered the attempt when I saw the news on BBG.

Such an over rated hyped up stock. Even at $30. I'm not sure it will even stop at $20 unless they can show some real business value and earnings potential.

If FB don't leverage up by hooking up with some real businesses like perhaps universities or academic institutions then it's going to be much ado about nothing.


I reckon every investor, his dog and black and white cat will be shorting FB. Budgies and parrots even... :)


Feels like free money to me...
 
eighteen said:
im in on the same position except i went short at 3007. :p target is the same too.
Click to expand...


Good move Eighteen, let's see how it pans out.

There are big players manipulating the price in FB imo so beware of sudden BS news by analysts who'll attempt to talk up the price or take out stops.

Facebook Shares Slump Below $30 as Options Trading Starts - Bloomberg

My objective is to simply keep shorting this stock and the rises untill the Fundamental economics re: the viability of the business model makes sense and we see some proper earnings.
 
i really think it is a great short, its still way over valued, analysts will try to save there skin for the time being, the valuation is based on alchemy its a tech stock, tech stocks deserve mega high valuations... yeah right..
 
Although we all look at FB and come to the conclusion that it's completely overvalued, I reckon there will be some serious attempts to engineer spikes before long.
 
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