BREAKING - Weak starting for Facebook!! is going down!
 

started at $43 but going down, now at $40...!!!!is this a fail stock?

:1orglaugh:1orglaugh You must not follow stocks.

Lets say the stock market is a 20 floor building, Facebook is already at the 15th floor even before its stock went public. Don't expect it to go sky high, well at least any time soon.

CNN just reported that Morgan Stanley couldn't match enough buyers and sellers -- whatever that means.

http://www.google.com/finance?q=fb


http://www.policymic.com/articles/85...headline_story


kind of confusing .. didn't it end up opening at $38?

too many buyers not enough sellers means there aren't enough shares to trade.

Which means the price goed up, right?

Or it could mean, and some news stories appear to suggest, there are not enough buyers with underwriters themselves filling some orders to support the price above $38.

all your stock belong to us

I don't give a facefuck :pimp

facePOOk sucks

Looks like the underwriters are working diligently to hold the price above $38 ...

Furthermore, I'd wager they'll be decent bump in the price to around $42 just before the close so they can tout the IPO as being a huge success.

oh the horror!

LOL

Looks to have closed at $38.37 in regular trading. Surprised there was no end of day bump in the price.

Presumably there was far, far more selling than buying with underwriters struggling to keep FB above $38 .. and it looks like they're still working overtime in afterhours to keep it afloat.

https://www.google.com/finance?client=ob&q=NASDAQ:FB

Sanity is setting in.

Monday will be fun.

$38 at the moment...

didn't really expect much. My buddy that was going to buy decided to pass on it.

haha FAIL! :1orglaugh

It means that all those institutional investors (that bought in at $38) couldn't find enough suckers to unload the stock on.

They will use FB as prime example of what shit is Wallstreet able to sell with straight face even after the mortgage crises. Nothing has changed there..

Are you surprised? :pimp

Why Did Zynga's Stock Drop After Facebook Went Public?
http://www.theatlantic.com/business/...ks-ipo/257395/

Facebook’s Debut Marred by Trading Flaws
http://dealbook.nytimes.com/2012/05/...ding-glitches/

Underwriters squeezed a lemon out of this IPO. Perhaps due to misleading expectations or in hunger for their nice % chunk as it looks like the IPO wasn't priced at a discount.

:1orglaugh:thumbsup

i heard it made some employees instant millionaires. thumbs up their ass fuck you rich bastards :(

It's a good thing the Wall Street crooks had the "Plunge Protection Team" to step in and save the FB IPO, or I think the stock would of ended up on the wrong side of $38.

:1orglaugh

well said

...Or speak English.

Some say that since the price didn't change much on the opening day Facebook actually got it right. If a stock spikes (or tanks) on opening day it means the target was wrong.

We're all going to be rollin in cheeseburgers soon

Let's start a book on the price at close of trading Friday.

My guess will be around $33.

:1orglaugh:1orglaugh